datoid

The Consumer Price Index spiked to 287.67 in March 2022, sitting 3.0 standard deviations above its 60-month average of 257.66. This represents a dramatic acceleration from the gradual 2019-2020 trend of ~257-260. The surge coincides with unemployment hitting record lows (4.3%) and Treasury yields climbing 10.6% over 3 months to 4.47%. This statistical outlier marks the steepest inflationary period in the dataset. Is this deviation sustainable, or are we seeing a temporary shock that will revert to historical norms?