Today’s CPI Report

The Federal Reserve is meeting today. The policy statement is due out at 2 p.m. I don’t expect any change to interest rates.

This morning, we got the inflation report for November. Consumer prices roses 0.3% last month which was 0.1% greater than expectations. Part of that was due to gasoline prices. In the last 12 months, consumer prices are up 2.1%.

The core rate, which excludes food and energy, rose by 0.2% in November. In the last year, core prices rose by 2.3%.

Here’s the monthly seasonally adjusted core CPI:

Posted by on December 11th, 2019 at 11:08 am


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