Everything from wages to used car prices could jump higher, market researcher Jim Bianco warns
SHARE Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email WATCH NOW VIDEO 05:36 From soaring wages to used car prices, Jim Bianco warns inflation’s bite is deepening Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other things,” the Bianco Research president told CNBC’s “ Fast Money ” on Monday. “But will that bring down CPI? Will that bring down core CPI to a point where we can actually start pricing that in? No, I don’t think so.” The government releases its Consumer Price Index [CPI], which tracks prices people pay for goods and services, for July this Wednesday. Dow Jones expects the number to come in at 8.7%, down 0.4% from June. The headline