The Kobeissi Letter
The Kobeissi Letter|May 28, 2026 23:53
The 2020s are now one of the most inflationary decades in history: US CPI has averaged 4.0% so far in the 2020s, the highest decade average since the 1980s. This is more than DOUBLE the average of the 2010s, at 1.8%, and well above the 1990s and 2000s. Since 1950, the only only periods with higher inflation were the 1970s and 1980s, at 7.4% and 5.1% on average, respectively. This comes as inflation has been above 2.0% for 64 of the 76 months so far this decade, peaking at 9.1% in June 2022. By comparison, during the 2010s, inflation was above 2.0% for 49 of the 120 months, with a peak of 3.9% in September 2011. Inflation remains way too high.(The Kobeissi Letter)
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