Following producer prices’ surge in November, consumer prices rose 2.2% YoY (as expected).
October producer price pushed to its highest since Dec 2011 but consumer prices are not being pushed higher for now…
The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase; indexes for motor vehicle insurance, used cars and trucks, and new vehicles also increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in November
This post was published at Zero Hedge on Dec 13, 2017.
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