Core Inflation Is Still Tame

The government reported that headline inflation rose 0.3% last month. The good news is that the core rate, which excludes food and energy, is still well-behaved.
The core rate comes in for a lot of criticism but it’s probably the best short-term indicator of the Fed’s performance. The 12-month core rate has ranged between 1% and 3% for over 10 years.

Posted by Eddy Elfenbein on October 17th, 2007 at 10:28 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.