Jeffrey Gundlach Is Starting to Think About Inflation

(Bloomberg) — With Netflix (NASDAQ:) raising prices for the first time since 2017 and teachers in Los Angeles on strike for a raise, DoubleLine Capital CEO Jeffrey Gundlach took to Twitter to report his breakfast was also getting more expensive.

Noting that his local breakfast spot raised prices about 10 percent for the first time in years, Gundlach had one comment: “Hmmm.”

All the examples Gundlach gave point to price increases well above the current inflation rate of 1.9 percent and stand in contrast to recent comments from officials.

“The notable thing is that inflation has not been running higher,” Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday. “The challenge for the Fed may be as much meeting our 2 percent inflation target.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.