Legendary investor Charlie Munger says he's watching inflation, central banks closely

Berkshire Hathaway's Charlie Munger spoke at the annual meeting of the Daily Journal, the L.A. Newspaper that he chairs. CNBC's "Squawk Box" crew reports.

U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention that inflation would gradually rise toward its 2% target.

The Labor Department said on Thursday its consumer price index excluding the volatile food and energy components rose 0.2% last month after edging up 0.1% in December. The so-called core CPI was up by an unrounded 0.2423% last month.

Underlying inflation in January was also lifted by increases in the prices of airline tickets, health care, recreation and education.

In the 12 months through January, the core CPI increased 2.3%, rising by the same margin for four straight months.

The Fed tracks the core personal consumption expenditures (PCE) price index for its 2% inflation target. The core PCE price index rose 1.6% on a year-on-year basis in December. It undershot its target in 2019. January PCE price data will be published later this month.



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[jaxontyler]

He literally said "China did us a favor by not letting people have more than 1 kid for decades" rofl.

[johnthomas]

I can't believe at 96 this guy is still at it 👏👏👏

[desaturated]

he is 96yo and still sharper than most people

[jesselivermore]

Munger knows the only game in town is fed pumping money. the minute we start to have inflation this whole thing will end in tears.

[johnbailey]

Money growth does seem to be inflating asset prices, but not consumer goods. Income inequality?

[footballdreamer]

Low inflation? Have you checked the evolution in the price of houses in the last 10 years compared to last 40? What about gold? Even crypto? People die top find assets to sustain wealth with so much money printing going on.

[jameylane]

I think what Charles is saying is that we're ***ed.

[renegadezen]

Incredible how much free advertising tesla gets

[fcceznr]

Inflation has been low? Are you serious ? Smh 🤦🏻‍♂️

[hotsauce]

All the money printing will be the taxpayers debt while the printed money is handed over to the top 10%.
Your government is not the common man’s friend.

[nerdi_brilliantidea]

At the end we have great ideas and we are in together so let sit down and talk about the deficit 22 trillion dollar and please stop saying people are rich I think pay off the deficit is something that we can say is E=MC^2 on quantum mechanic structure. Charlie munger you are amazing professor thank you for always

[Ty-lziz]

We don’t know we’re endless printing of money will take us??? 😂 Is this a joke. We all know we’re this will end, its not the first time Fiat currency’s have done this.
Are these people on these shows really that dumb or are they just afraid to say it?

[TheReminisce]

did he say all the ""masons" in the world ?