Here Comes Inflation. Largest Increase Since 1953 for Used Vehicles. Largest Since 1982 for All Items.

This is a bit of breaking news for subscribers. The inflation report is out.

Here are two quotes from the Bureau of Labor Statistics that are going to make markets squeamish:

"The index for all items less food and energy rose 0.9 percent in April, its largest monthly increase since April 1982."

"The index for used cars and trucks rose 10.0 percent in Apri…