The ‘Sticky’ Inflation Ahead for 2022

As we are closing out 2021, the most significant economic development of the year is the jump in producer and consumer prices. As of last month, the rise of the latter year over year came in at 6.8 percent; the highest running 12-month tally in some four decades. What is nearly as remarkable is that—though these surging living costs are hitting Joe Sixpack and Sally soccer mom sufficiently hard now that it is causing a major political headache for the Biden administration–for investors this is mere water off a duck’s back. Compared to the last major, sustained bout of price…