CPI Unchanged Last Month

Some folks are convinced that we’re in an era of hyperinflation. The data, however, seems to disagree. The CPI for June showed no increase last month. The core rate, which excludes food and energy prices, rose by 0.2% for the fourth month in a row.

We’ll learn more of Bernanke’s views later today when he testifies before Congress. But we do know that inflation is trending below the Fed’s target rate of 2%.

Posted by on July 17th, 2012 at 9:54 am


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