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.
CPI missed by the most in 6 months…
As Core CPI (es food energy and shelter)… dropped to 10 year lows…
Charts: Bloomberg
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