Peter Schiff

US annual CPI inflation will print above the June 2022 peak of 9.1% (read as within about two years, by August 2024).

“There's no doubt in my mind that we will get a higher number than 9.1 percent”

Said on

11 August 2022 · Interview with Kitco News (published Aug 11, 2022; interview date not stated). No window given; this inflation cycle read as about two years.

Source

https://www.kitco.com/news/article/2022-08-11/worse-financial-crisis-2008-peter-schiff-forecasts-sustained-and-higher · Kitco News

Should come true

2024

How sure they sounded

There's no doubt in my mind

Categories

Economy

Importance

3 of 5 · US inflation level matters to the whole US economy and Fed policy.

Outcome

Inaccurate

US CPI inflation peaked at 9.1% in June 2022 and never printed higher; it fell to 3.4% by December 2023 and stayed near 3% through mid-2024, so no higher reading came within the inferred two-year window (or since).

Evidence:

• https://www.bls.gov/opub/ted/2024/consumer-price-index-2023-in-review.htm
• https://www.bls.gov/news.release/archives/cpi_07132022.htm