Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Core CPI Crashes By Most On Record; Food Costs Soar As Energy & Apparel Collapse

Courtesy of ZeroHedge View original post here.

Headline Consumer Prices fell 0.8% MoM – the biggest drop since 2008 – as soaring food inflation was dominated by plunging energy, apparel, and lodging costs…

But it was Core CPI, printing 0.4% MoM that made the headlines. That is the biggest monthly decline since records began in 1961…

Under the hood, the changes were dramatic to say the least…

A 20.6-percent decline in the gasoline index was the largest contributor to the monthly decrease in the seasonally adjusted all items index, but the indexes for apparel, motor vehicle insurance, airline fares, and lodging away from home all fell sharply as well.

Goods deflation is accelerating as Services inflation is slumping…

In contrast, food indexes rose in April, with the index for food at home posting its largest monthly increase since February 1974.

Shelter Inflation up only 2.61%, down from 3.01% in March, and the lowest since Feb 2014. Rent inflation up 3.49%, down from 3.67% in March but lowest only since Jan 2019.

Given the near total lockdown of the US, we do question just how “real” this data is (and the fact that rent strikes, mortgage forbearance, food banks, UBI, PPP, and you name the acronym have distorted all the inputs).


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!