​Core Consumer Prices Hit New Record High – Up For 50th Straight Month – Tyler Durden

Core Consumer Prices Hit New Record High – Up For 50th Straight Month Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021… Source: Bloomberg Goods deflation continues to drag overall CPI lower… Source: Bloomberg For context, Goods prices are down 1.9% YoY – the biggest deflationary impulse since 2004. Services prices continue to rise YoY but at the slowest pace since 2022… Source: Bloomberg The 3m and 6m annualized CPI rates continue to trend…  — Continue at ZeroHedge News : Read More