• Another Tame CPI Report

    5 monthes ago - By Crossing Wall Street

    This morning, the government said that consumer prices fell 0.1% in December. That's the first drop in nine months. Over the course of 2018, inflation rose by 1.9%.
    The “core rate,” which excludes food and energy, rose by 0.2% last month. Over all of 2018, core inflation rose by 2.2%. The data confirms what the market has been saying - inflation is not a problem. Gasoline prices fell 7.5% last month after dropping 4.2% in November.
    December's inflation readings were in line with economists' expectations. The Federal Reserve, which has a 2 percent inflation target, tracks a different...
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