Inflation Misses By Most In 6 Months; Core CPI Drops To 10 Year Low

CPI YoY

As long you don’t eat, sleep under a roof, or use energy, things are positive for you as Core CPI dropped to its lowest in 10 years. Overall CPI dropped to 1.1% YoY – missing Bloomberg’s estimate by the most since August. Thanks to the drought in California, food prices jumped; but energy costs overall fell despite fuel oil and other fuels rose 7% MoM (thanks to Winter storm demand). The heavily-weighted ‘Shelter’ index rose as did Healthcare costs.

 

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