Sun. Jan 24th, 2021

UK inflation hits three-year low; London house prices fall again – business live

Consumer prices index inflation falls to 1.5%, in a boost to households, thanks to lower energy bills


1.50pm GMT

Greg Daco of Oxford Economics shows how energy prices pushed US inflation up last month:

US CPI +0.4% stronger than expected: 50% of gain driven by energy prices +2.7% – #gasoline +3.7%

Core CPI +0.2%

– Shelter cost +0.1%: smallest since Oct’13
– Rents +0.1%: smallest since Apr’11
– Medical +1%: largest since Aug’16
– Recreation +0.7%: largest since Feb’96

1.48pm GMT

Just in: US inflation rose last month, by more than expected.

Consumer prices rose by 0.4% during October, having been flat in September.

US headline CPI in October lifted to 1.8% from 1.7% (exp 1.7%). Core CPI softened against expectations from 2.4% to 2.3%.

Services inflation again drives higher CPI —> Read More:

As for the #inflation issue, let’s be honest & not get bogged down in semantics. The #FederalReserve does not care about #CPI here. It cares about markets. If stock/credit markets waiver, it will cut more regardless of the data. Harsh policy interpretation? Nope. A realistic one.

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