Inflation hits over 3 percent on west coast and northeast. 7 percent deficit won’t buy you a cooler inflation

Hotter inflation proves you can’t print your way out of rising prices.

Inflation is diverging across regions of the US:

Pacific Coast states such as California, Oregon, and Washington saw inflation rates above +3.1% in July, according to BLS data.

Northeast states like Maine, New Hampshire, Vermont, Massachusetts, and New York also experienced… pic.twitter.com/O55X8qibCY

— The Kobeissi Letter (@KobeissiLetter) August 14, 2025

With inflation data coming in hotter than expected, a quick reminder:

inflation is fundamentally a monetary phenomenon.

You don’t solve it with a 7% fiscal deficit and a money supply hitting record highs. pic.twitter.com/3xv4TywDtA

— Otavio (Tavi) Costa (@TaviCosta) August 14, 2025