The official CPI based price inflation rate on a year-over-year basis rose again in the month of August to 3.77% compared to 3.63% in July, 3.56% in June, 3.57% in May, 3.16% in April, 2.68% in March, 2.11% in February, 1.63% in January, 1.5% in December, 1.1% in November, and 1.17% in October. From the low in November, year-over-year CPI growth has increased by 243%!
Inflation is now spreading beyond food and energy and to the areas the Fed focuses on with core-CPI, which deceptively excludes food and energy. Core-CPI has now risen 10 months in a row and core-CPI is about to break the Fed's unofficial 1.5% to 2% target range, which will hopefully convince the Fed to finally believe there is an inflation crisis, something NIA members knew back when the Fed was still worried about deflation.
Core-CPI was up 1.95% in August on a year-over-year basis compared to 1.77% in July and 1.64% in June. Because the BLS likes to round all CPI numbers, core-CPI on a year-over-year basis is now officially 2% and at the top end of the Fed's unofficial target range. Back in October of 2010, year-over-year core-CPI growth reached a low of 0.6%.
From October until today, core-CPI growth on a year-over-year basis has risen from 0.6% to 1.95% for a gain of 225%. From October until today, regular CPI growth on a year-over-year basis has risen from 1.17% to 3.77% for a gain of 222%.
Changes in year-over-year core-CPI growth excluding food and energy were actually higher since October than changes in year-over-year regular CPI growth, which shows that the Fed will soon no longer be able to ignore skyrocketing price inflation. NIA believes real U.S. price inflation now exceeds 8% on a year-over-year basis.
Exclusive NIA China Stock Report Coming
NIA believes there is a once in a lifetime, very limited time opportunity today to enter China stocks trading on major U.S. exchanges at artificially low fire sale prices. Most China stocks that trade in the U.S. are down between 50% and 90% from their 52-week highs and they are almost all at or near 52-week lows. NIA has been spending hundreds of hours of time in recent months researching nearly every single Chinese company that trades on major U.S. exchanges.
We believe that real legitimate Chinese stocks that have been beaten down for no reason, will soon double or triple in value in the very short-term. The purpose of our report is to find these companies set to make massive short-term gains, while exposing the China stocks that could be scams due to major red flags that we have discovered.
The majority of China stocks in the U.S. are real, but there are many Chinese scams out there. NIA's report will be the most important report ever released in world history for investors in Chinese stocks. Those who invest into the right Chinese stocks that are artificially low for no reason can make a huge fortune in the short-term. However, it is important to avoid companies that could have major accounting problems down the road.
NIA's report will feature many China stocks in the U.S. that have P/E ratios as low as 1 or 2. NIA's report will feature many China stocks in the U.S. that are trading below cash and for well below working capital and shareholder equity. NIA's report will tell you which of these companies are for real with the potential to gain thousands of percent this decade, and which of these companies could be scams that will crash to zero.