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Today’s CPI report shows that consumer prices were flat last month. Wall Street was expecting an increase of 0.1%. The core rate, which excludes volatile food and energy prices, rose just 0.05%.

Last month’s report was noteworthy since it was the first time since 1982 that the seasonally adjusted core rate had a meaningful decline. The core rate has now had its smallest year-over-year increase since 2004. Over the last four months, core inflation is running at just 0.66% annualized.

Posted by edelfenbein at March 18, 2010 9:37 AM