Last June, inflation hit a 40-year high of 9.1%.

Since then, it's been falling month over month, hitting 3.2% in July of this year.

The Fed's aggressive rate hikes seemed to be doing their job, and their 2% inflation target appeared to be in sight.

But then, the August CPI report came out a few weeks ago...

...and we saw inflation spike, jumping up to 3.7%.

What happened? Where does inflation go from here? And should we be worried about this recent uptick?

---

WANT MORE RETIREMENT PLANNING TIPS?

Join thousands of listeners and subscribe to the Stay Wealthy Retirement Newsletter.

As a thank you, you'll receive a copy of my 2023 Tax Planning Cheatsheet.

👉 Click here to subscribe and grab your cheatsheet.

---

EPISODE RESOURCES:

📊 Get Your Free Retirement and Tax Analysis

✏️ Grab the Episode Show Notes

📘 Check Out My New Book: More Than Money