For the 53rd straight month, core consumer prices rose on a MoM basis in October with the YoY pace re-accelerating to +3.33%...
Source: Bloomberg
Services costs are starting to pick up again...
Source: Bloomberg
The index for all items less food and energy rose 0.3 percent in October, as it did in August and September.
The index for all items less food and energy rose 3.3 percent over the past 12 months.
The headline CPI rose 0.2% MoM (as expected) which reaccelerated the YoY rise to +2.6% (as expected)...
Source: Bloomberg
Goods deflation ended on a MoM basis...
Source: Bloomberg
While Goods prices are still in deflation, they are re-acclerating and Services inflation remains extremely elevated...
Source: Bloomberg
Under the hood, the much-watched (for a while) SuperCore (Services Ex-Shelter) CPI remains stubbornly high...
Source: Bloomberg
The deflationary pressures are easing...
Source: Bloomberg
On a short-term basis, it's energy's deflation that is doing God's work for Biden/Harris/Powell..
Source: Bloomberg
Overall, headline consumer prices are up 20.4% since Biden/Harris took over (that is almost three times the pace of price inflation that was seen under Trump's first term)...
Source: Bloomberg
Is a resurgence in CPI already baked in the cake (as global money supply has been resurgent)?
Source: Bloomberg
Finally, could we really replay the '70s once again?
Source: Bloomberg
Will that really be Powell's legacy? Or will the timing of this resurgence in inflation be perfectly timed to coincide with Trump's election victory... and offer a perfect patsy for who is to blame?