Jeffrey Gundlach Goes `Hmmm' as Netflix, Breakfast Get Pricier

(Bloomberg) -- With Netflix 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.”

To contact the reporter on this story: Nathan Crooks in Miami at ncrooks@bloomberg.net

To contact the editors responsible for this story: Clementine Fletcher at cfletcher5@bloomberg.net, Chua Baizhen

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