Chamath @ 00:57:29Wrong
economy
US CPI year‑over‑year inflation will peak around early 2022 (roughly Q1 2022) and will not exceed that peak level in subsequent months of 2022.
a lot of economists now forecast basically this inflation peaking or already having peaked over the last few weeks.View on YouTube
Explanation
US CPI year‑over‑year inflation did not peak in early 2022 and was exceeded later in the year.
Key data from the U.S. Bureau of Labor Statistics show:
- March 2022: CPI inflation (YoY) was about 8.5%.
- June 2022: CPI inflation (YoY) rose further to about 9.1%, which is widely cited as the peak for the 2021–2022 inflation cycle.
June’s 9.1% reading is higher than the levels in Q1 2022 (January ~7.5%, February ~7.9%, March ~8.5%), so the claim that inflation would peak around early 2022 and not exceed that level later in 2022 is refuted by the official CPI data, which clearly show a higher peak in mid‑2022.
Therefore, the prediction is wrong.