Core CPI Is Finally Running Hot

The government just released the CPI numbers for February. The headline inflation rate fell 0.2% last month, but the “core rate” came rose by 0.3%. Over the last year, core inflation has risen by 2.33% which is the highest since September 2008.

Of the last 117 months, this month’s Core CPI was the fourth-highest. Last month’s was the highest.

Update: Capacity utilization came in at 76.7%, which is down 0.4%, and industrial production fell 0.5% last month.

Posted by on March 16th, 2016 at 9:10 am


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