US inflation “at standstill” in October

12 November 2020

 

Summary: October US CPI less than expected; headline and core figures flat; “at a standstill”, “well below Fed’s 2% inflation target”; implied rents, airfares up, vehicle insurance, clothing down; fell by 2.3% and 1.2% New York Fed measure unchanged at 1.3%.   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...

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