Core CPI Remains Above Fed Mandated 2% For 12th Month As Cost Of Living Surges Most Since 2007

Tyler Durden's picture

Consumer Prices have now risen at a pace faster than the Fed's mandated 2% YoY for 12 straight months. 

Headline CPI hit 1.6% YoY in October, the highest sicne October 2014 but Core CPI has now been above the Fed mandated 2% for a full year...


While Core CPI printed slightly lower than expected, energy (up 3.5% MoM) dominated overall cost of living increases and Housing/Shelter rose by 3.5% Y/Y. This was the biggest annual jump since 2007.

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spastic_colon's picture

dont worry a new and betterer target is coming in 3...2...1

Haus-Targaryen's picture

I'd sincerely appreciate a good dose of deflation. 

jmack's picture

rate hike, rate hike, rate hike (uttered like "toga" in animal house).

asteroids's picture

We can all now truthfully say "Its Obamas fault"

MarketTruth's picture

Yet COLA for retired people within the USA is going up around 0.5% for 2017. Hmmm... someone in the US Gov/Bankster community is lying.

<Sarc> Now why would they do that?

1980XLS's picture

It's the "Core" CPI

Since nobody seriously needs food & energy.


The Fed is rotten to the Core.

LawsofPhysics's picture

Correct.  So much for being "data dependent"...

End the Fed, audit the Fed and prosecute the FRAUD!!!!

youngman's picture

when does the 30% increase in health care costs show up......????

SoDamnMad's picture

Oh youngman, I always upvoted you but now your being so.....



Rabid Bear's picture

I can picture Janet Yellen showing up to the December meeting dressed like the Joker from Batman and saying "After careful review of the outcome of this election and my career....I've decided to raise the interest rate 5%. Enjoy 2017....if you live to see it. Peace out bitches." *she drops the mic*

DontFollowMyAdviceImaDummy's picture

we need a rate raise like that so badly... even with the massive business implosion and debt defaults that would come with it.

Shizzmoney's picture

She'd probably go -5% to make bankers like Dimon happy

Infield_Fly's picture
Infield_Fly (not verified) Nov 17, 2016 9:14 AM

Growth markets:  healthcare, education, taxes

angry_dad's picture
angry_dad (not verified) Infield_Fly Nov 17, 2016 9:39 AM

You forgot to include corruption, illegal drug sales, wars, bank fraud, and poverty.

Our dc clowns have found ways to monetize all of these activities.

CoastalCowboy's picture

What kind of fool would actually believe this inflation number?

I can't even afford to go to restaurants anymore and the price of the things you REALLY need seems to have doubled the past 5 years.  I'm making the same money I made five years ago and had a way better standard of living.

I'm having to rebuild part of my house after Hurricane Matthew.  I'm shocked at what the materials are costing me versus the last time I visited my roof five years ago and painted.  Luckily, a good friend is a sheetrock man. He and I are replacing the damaged sheetrock.  I'm coming in well under the insurance company repair estimates due to being able to barter my skilled labor for the trade guy's labor.

The insurance company weaseled their way out of paying for most of my damages so I had to do it myself.  I'm at $4,000 labor savings just on the work I've done myself.

angry_dad's picture
angry_dad (not verified) Nov 17, 2016 9:37 AM

Although we read many opinions why crooked lost in the recent landslide, my vote is for the skyrocketing price hikes announced for Obama Care right before the voters decided

They know the CPI price increases are out of control.

Crooked likes to blame the FBI for her loss but truth be told, her own corruption, failures in execution, and Obama Care prices are the reasons why she got clobbered.

People always vote their pocketbooks!