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ECON: Core Consumer Price Index Roughly in Line with Forecast
Posted to: Micro News
Tuesday, December 17, 2013 8:58 AM
- CPI +0.034 vs +0.100 Forecast
- Core CPI +0.1545 vs +0.1000 Forecast
- Annual Core CPI +1.7 vs +1.7 Forecast
- Market Reaction: There was a bit of a gyration in Treasuries and MBS, but trading levels are already back in line with pre-data levels.
The Consumer Price Index for All Urban Consumers (CPI-U) was
unchanged in November 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 declined in November, offsetting increases in other
indexes to result in the seasonally adjusted all items index being
unchanged. The indexes for gasoline and for natural gas fell
significantly, more than offsetting increases in the electricity and
fuel oil indexes. The food index rose slightly in November, with the
food at home index unchanged.
The index for all items less food and energy rose 0.2 percent in
November. Increases in the indexes for shelter and airline fares
accounted for most of the increase, with the indexes for recreation
and for used cars and trucks also rising. The indexes for apparel,
for household furnishings and operations, and for new vehicles all
declined in November.
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