Wednesday, February 15, 2017

January 2017 CPI Inflation

A major reversal this month.  Good news or noise?

Month over month change in non-shelter core CPI was over 0.3%.  Year over year non-shelter core inflation is at about 1.3%.  Rent at Zillow has been signaling moderation recently.  Does that mean CPI shelter inflation will now also continue to moderate?  If non-shelter inflation is from demand-side pressures, I don't see how it could.  I'm still mostly in wait-and-see mode here.

No comments:

Post a Comment