Core CPI Soars At Fastest Pace Since 2008

After producer prices disappointed modestly yesterday, prompting treasury yields to tumble, all eyes are on consumer prices today as it met expectations rising by 2.9% YoY – the fastest rate of increase since Dec 2011 – thanks to soaring rent/shelter costs.

CPI highest since 2011…

Core CPI Soars At Fastest Pace Since 2008

Core CPI highest since 2008…

Core CPI Soars At Fastest Pace Since 2008

Under the covers, one of the bigger drivers was a surge in shelter costs…

Core CPI Soars At Fastest Pace Since 2008

Shelter inflation rose 3.5% YoY and Rent Inflation rose 3.6% YoY

Core CPI Soars At Fastest Pace Since 2008

Just a good thing wages are rising… oh wait!!
Read on ZH

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com