Core Inflation 2.1% In October, 12 Months In A Row Greater Than 2% (Rent Inflation Highest Since Mid-2007)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

The October inflation numbers are out and they were less than expected.

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Core CPI YoY printed at 2.1%. That is 12 months in a row of Core CPI YoY of above 2%.

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Rent CPI YoY grew at 3.4%, the highest since mid-2007.

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On the other hand, Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 65 million Americans will increase 0.3 percent in 2017.

That goes along nicely with the lowest earnings growth post-recession since 1965.

1965lbj

No inflation adjustment (or wage growth) for you!

inflationnazi

 

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