Inflation is expected to remain hot in much-anticipated Wednesday report

Brace yourselves. Another red-hot inflation report is coming on Wednesday.

Early estimates from economists suggest that U.S. consumer prices advanced again in July, leaving the annualized rate of inflation stuck at a 13-year high of 5.3%.

Of course, the real inflation rate is likely closer to 9%.

That said, companies have been warning that prices are rising and will remain high for many more months, from McDonald’s food to Whirlpool dishwashers.

Nobody is talking about how this is a Federal Reserve-induced inflationary crisis. Although the myriad of problems with supply chains, shortages, logistics, and output are contributing to skyrocketing prices, the U.S. central bank is the primary culprit.