Wed. Sep 30th, 2020

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

Earlier:

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%

Details:
– 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%. pic.twitter.com/PBq3mxDiOe

Services inflation again drives higher CPI —> Read More: https://t.co/u6xewuhIlO pic.twitter.com/c8Kp8SV7fI

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.

Continue reading…Consumer prices index inflation falls to 1.5%, in a boost to households, thanks to lower energy billsLatest: London house prices down againCPI falls as energy cap kicks inUtility bills fell last month, but clothing costs roseThanks, Ed Miliband!Earlier:Introduction: Trump dampens hopes of trade breakthrough 1.50pm GMTGreg 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%Details:- 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 GMTJust 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%. pic.twitter.com/PBq3mxDiOeServices inflation again drives higher CPI —> Read More: https://t.co/u6xewuhIlO pic.twitter.com/c8Kp8SV7fIAs 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. Continue reading…