Core Consumer Prices Rise For 53rd Straight Month, Hit New Record High
For the 53rd straight month, core consumer prices rose on a MoM basis in October with the YoY pace re-accelerating to +3.33%…
Source: Bloomberg
Services costs are starting to pick up again…
Source: Bloomberg
The headline CPI rose 0.2% MoM (as expected) which reaccelerated the YoY rise to +2.6% (as expected)…
Source: Bloomberg
Goods deflation ended on a MoM basis…
Source: Bloomberg
While Goods prices are still in deflation, they are re-acclerating and Services inflation remains extremely elevated…
Source: Bloomberg
Under the hood, the much-watched (for a while) SuperCore (Services Ex-Shelter) CPI remains stubbornly high…
Source: Bloomberg
The deflationary pressures are easing…
Source: Bloomberg
On a short-term basis, it’s energy’s deflation that is doing God’s work for Biden/Harris/Powell..
Source: Bloomberg
Overall, headline consumer prices are up 20.4% since Biden/Harris took over (that is almost three times the pace of price inflation that was seen under Trump’s first term)…
Source: Bloomberg
Is a resurgence in CPI already baked in the cake (as global money supply has been resurgent)?
Source: Bloomberg
Finally, could we really replay the ’70s once again?
Source: Bloomberg
Will that really be Powell’s legacy? Or will the timing of this resurgence in inflation be perfectly timed to coincide with Trump’s election victory… and offer a perfect patsy for who is to blame?
Tyler Durden Wed, 11/13/2024 – 08:40
Source: https://freedombunker.com/2024/11/13/core-consumer-prices-rise-for-53rd-straight-month-hit-new-record-high/
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