Following deflationary prints in import prices and producer prices, core consumer prices came in modestly hotter than expected. Core CPI printed +1.8% YoY - highest since April 2017 - as shelter costs re-acclerate.
Headline SPI rose just 0.1% MoM (as expected) but notable slower than the 0.4% MoM rise in November.
The index for all items less food and energy increased 0.3 percent in December, its largest increase since January 2017.
The recent (silver lining) trend in lower shelter cost growth ended with a modest rise MoM and YoY in both Shelter and Rent inflation...
Along with the shelter index, the indexes for medical care, used cars and trucks, new vehicles, and motor vehicle insurance were among those that increased in December.
The indexes for apparel, airline fares, and tobacco all declined over the month.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Rents will lead the inflationary measurements as more and more pressure comes upon localities to balance their budgets. This will result in higher property taxes, and hence, higher rents. Things will only get worse from here. There is far too much debt in our economy and the elites who created all of the credit have been the beneficiaries.
Gas should be going DOWN since the Tax Deal for Companys !!!
Electric too
All company prices !!!
Why Have they Not is the question ???? Greed !!!
Post a Comment