Attached is a weekly piece put together by MFS called “By the Numbers”. It includes various facts surrounding the markets, personal investing, and other random tidbits.
One stat that jumped out was that “inflation using CPI advanced +2.95% on a year over year basis ending 7/31/18, inflation’s largest annual increase since December 2011”.
This is an indication of the rising costs of a basket of goods for consumers, and most of the price increase has been driven by the rising cost of energy.
Increased inflation is something that we monitor, and understanding what is driving overall costs is important. Currently, our portfolio is hedged against inflation with REITs and MLPs, and long term equity growth has historically offset inflation as well.
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Peter Malone, CFA
Research Analyst
Direct: 617.226.0030
Fax: 617.523.8118
Crestwood Advisors
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Suite 500
Boston, MA 02109
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