US core inflation stuck; Fed target “some time” away

13 January 2021

 

Summary: November US CPI up by 0.4%, in line with expectations; “core” rate up 0.1%, “remains subdued”; “some time” for underlying inflation to return to Fed’s 2% target; increase driven by higher fuel prices; used vehicles prices down.   The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It then...

read full story