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ECON: Core Inflation Remains off Radar at Consumer Level
Posted to: Micro News
Wednesday, October 30, 2013 8:44 AM
- CPI +0.2 vs +0.2 forecast
- Core CPI +0.1 vs +0.2 forecast
- Year over year CPI +1.2, as expected, Core +1.7 vs +1.8 Forecast
- Market Reaction: None. Inflation is in "not a threat" mode until proven otherwise via months of consistently troubling data across multiple reports. Until then, it's a waste of space that we're forced to cover.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2
percent in September on a seasonally adjusted basis, the U.S. Bureau
of Labor Statistics reported today. Over the last 12 months, the all
items index increased 1.2 percent before seasonal adjustment.
The energy index rose 0.8 percent in September and accounted for about
half of the seasonally adjusted all items increase. All the major
energy component indexes rose in September. The food index was
unchanged, with declines in the indexes for fruits and vegetables and
for nonalcoholic beverages offsetting increases in other indexes.
The index for all items less food and energy rose 0.1 percent in
September, the same increase as in August. The shelter and medical
care indexes also advanced and accounted for most of this increase.
The indexes for new vehicles and for airline fares rose as well, while
the apparel and recreation indexes declined.
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