Laffer Tengler Investments CEO and Chief Investment Officer Nancy Tengler in Fortune

‘The numbers are catastrophically bad.’ Top economists are sounding the alarm on inflation

For nearly a year, inflation has been hammering Americans. Every month when the Consumer Price Index report gets released, rates have stayed high or gone higher.

Hopes that elevated prices were beginning to settle were dashed Friday morning when the Bureau of Labor Statistics (BLS) released data showing that the CPI, its broad measure for prices of goods and services, reached 8.6% for the month of May.

Read more here.