Headline CPI has gone from +2.4% YoY, to +3.3% YoY, to +3.8% YoY from February 2026 to April 2026. The "immaculate disinflation" narrative has been dead for awhile. But this just shot it again. Remember the people who shouted "dEfLaTiOn iS a RiSk!"? Awfully silent now.(Caleb Franzen)