The stark words jumped off the page of the report. "Consumer inflation rose 0.5% in December, the highest monthly gain since June 2009," according to an advisory prepared by Brian Turner of Southwest Corporate Investment Services in Plano, Texas.
The first question for credit union executives-with eyes firmly on the past months of financial distress-is who saw that coming? And the second question: Is it too late to take precautionary steps to protect credit unions from an inflationary spiral?
Experts are quick to offer counsel and probably the first-and most important-slice of advice is to not shrug off the possibility of a steep inflationary upswing.
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