What a coincidence!
For the past two months, inflation has been reaccelerating.
In August, the annual consumer price index (CPI) climbed to 3.7 percent, and the producer price index (PPI) swelled to 1.6 percent.
It is quite likely that the September inflation readings will come in hot again.
But while all the focus has been on the dramatic rise in crude oil and gasoline prices, the notable increase in the money supply should also turn some heads.
The money supply has risen for three consecutive months, climbing in May, June, and July.
Although year-over-year percentage growth has slumped, the total amount in the money supply has returned to a five-month high.
Here is a look at the numbers:
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