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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 published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

inf111716

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

corepi

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

rentcpidsdsd

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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