After a fourth straight month of hotter than expected PPI, analysts’ expectations for CPI were tightly ranged around 0.3-0.4% MoM and printed +0.3% MoM (slightly below the 0.4% expected). The YoY headline CPI fell to +3.4% as expected from +3.5% prior
Source: Bloomberg
Under the hood, Services slowed modestly MoM…
Core CPI rose 0.3% MoM (as expected) with YoY slowing to +3.6%, also as expected…
Source: Bloomberg
Finally, we note that consumer prices have not fallen in a single month since President Biden’s term began (July 2022 was the closest with ‘unchanged’), which leaves overall prices up over 19.5% since Bidenomics was unleashed (compares with +8% during Trump’s term). And prices have never been more expensive…
Source: Bloomberg
That is an average of 5.5% per annum (more than triple the 1.9% average per annum rise in price during President Trump’s term).
Developing…
Source: ZeroHedge
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TruthPukes Take:
- Finally, we note that consumer prices have not fallen in a single month since President Biden’s term began (July 2022 was the closest with ‘unchanged’), which leaves overall prices up over 19.
- The views and opinions expressed in posts by other media outlets published on TruthPuke do not necessarily reflect those of TruthPuke.
- After a fourth straight month of hotter than expected PPI, analysts’ expectations for CPI were tightly ranged around 0.
