Inflation risks are rising: 72% of CPI components are now surging faster than the Fed’s 2% target, the highest share in 3 years. This is a significant increase from ~55% seen a year ago. By comparison, the average percentage was ~57% in 2018-2019, before the pandemic. Apollo also claims that goods inflation is climbing again due to tariffs. Are we experiencing a resurgence of inflation?(The Kobeissi Letter)