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Core Consumer Prices Surge At Fastest Rate Since 2008

Courtesy of ZeroHedge View original post here.

After a hotter-than-expected producer price print yesterday, consumer prices were more mixed with headline CPI rising less than expected and core CPI rising more than expected.

In fact, core CPI rose 2.4% YoY (2.3% exp) – which is the hottest since September 2008…

Source: Bloomberg

Energy prices weighed the index down as commodity prices rose…

The surge in inflation was led by a jump in Goods prices…

Source: Bloomberg

On the brighter side, shelter/rent inflation slowed a little in August…

So hotter-than-expected CPI and PPI must be transitory, right? Or Powell won't be able to deliver what Trump and the market demand?

 


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