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Core CPI At/Above Fed’s 2% Target For 13th Straight Month (Shelter Inflation At 3.5% YoY)

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

The inflation figures are out for November and they show core inflation has been at or above The Fed’s 2% target for 13 straight months.

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Yes, 13 straight months of 2% or more core inflation.


While 2.1% core inflation (and declining) seems impressive, the 3.5% inflation rate for shelter (aka, housing) is not welcome. Particularly when hourly earnings growth for 82% of the population is only 2.36% YoY.


Is this the “affordable housing policy” I have heard of eminating from Washington DC?

For all the criticism of Trump’s pick for HUD Secretary (Neurosurgeon Ben Carson), bear in mind that current HUD Secretary Julian Castro had no relevant experience either.  But Castro does have a nice smile!



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