Inflation Is Still Tame

The Fed’s policy decision is coming out later today. Just in time, we got the inflation report for November this morning. Not surprisingly, inflation is still very low.

Headline inflation rose by 0.39% last month. Some of that was caused by energy prices. The “core rate,” which excludes food and energy, rose just 0.12%.

In the last 12 months, headline inflation is running at 2.20% while the core rate is at 1.71%. In fact, the year-over-year core rate has barely moved over the last six months.

Posted by on December 13th, 2017 at 1:21 pm


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