Headline inflation in the United States could be
headed as high as 6% before the end of the year, CIBC chief economist
Jeff Rubin warns in a forecast published Wednesday.
“We haven’t seen a 6% CPI inflation rate posted in
the U.S. since 1990 and even then only briefly for four months,” wrote
Rubin. “You’ve got to go back to 1982, in the midst of the stagflation
that followed the second OPEC oil shock, to see …”