Core Consumer Prices Come In Hot - Rise At Fastest Rate In 6 Months

Tyler Durden's picture

Following yesterday's hotter than expected PPI, Core Consumer Prices printed above expectations (+1.8% YoY vs +1.7% YoY exp) - the fastest rise since April 2017.


Headline CPI was in line with expectations at 2.0% - a slight slowing from last month...


The biggest driver of the increase in consumer prices was a 2.3% surge in fuel prices

The shelter index rose 0.3 percent, with the indexes for rent and owners' equivalent rent also rising 0.3 percent. The index for lodging away from home continued to increase, rising 1.6 percent.

The medical care index rose 0.3 percent, with the index for hospital services rising 0.5 percent and the physicians' services index increasing 0.2 percent. However, the index for prescription drugs declined 0.2 percent.

The index for used cars and trucks rose in October, increasing 0.7 percent; this ended a streak of nine consecutive declines. The tobacco index rose in October, increasing 1.6 percent. The education index increased 0.3 percent, and the index for wireless telephone services rose 0.4 percent. The indexes for personal care, airline fares, and motor vehicle insurance also increased in October.

The index for new vehicles continued to decline, falling 0.2 percent in October after a 0.4-percent decrease in September. The index for apparel declined 0.1 percent in October, the same decline as in September; the recreation index also fell 0.1 percent. The index for household furnishings and operations was unchanged in October after declining in 5 of the 6 prior months.


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spastic_colon's picture

this stat is one of the main reasons people dont trust govt....and for good reason at that.

Cry Baby Moe's picture

ay mate. yer right. this is a conspiracy connected with JFK, KGB, and CIA. Everything is connected and its up to us to write our clever comments on as many ZH stories as possible!

eclectic syncretist's picture

First they lie and say core inflation is only 1.8%, then ZH comes along and calls that 1.8% "hot"??!!!! The bullshit is thick everywhere this morning!


bigkahuna's picture

No man - its because they are a den of thieves and liars in wall street and dc --  but believe them if you want, you are still free to do that in this country anyway...

spastic_colon's picture

nice try at the clever comment; better luck next's some light reading for you; you can get back to us next year after you figure it out.


Turin Turambar's picture

Things is gettin' more 'spensive!  Happy Days are here again!  /sarc

Dragon HAwk's picture

What does Shadow Stats Say?

TheSilentMajority's picture

Great to see the real stats.

The msm needs to quote these real figures monthly alongside the feds bullshit.

Then let the sheep decide which figures they beleive.

Bill of Rights's picture

(+1.8% YoY vs +1.7%


Fucken bull shit lies...Try (+100.8% YoY vs +100.7%

E.F. Mutton's picture

If they factored in Shrinkflation it would be 10X their Goal Seek figure.

Pigeon's picture

Exactly - just one example. Cups of yogurt. Used to be standard 8 ounces. Then dropped to 6. Currently (for a few years) 5.3

5.3 ounces? What could the logic be behind that number other than to fuck over the public into not realizing it's getting less for more?

Chocolate rations will increase from 8 ounces to ONE-QUARTER POUND.

Deep_Out-of-the-Money's picture

Inflation is up, so sell stocks and buy bonds??? WTF???

Pigeon's picture

I thought stuff like fuel, shelter and food didn't count in CPI thanks to circa Jimmy Carter years? It's not like anyone really needs that shit, anyway.

silverer's picture

Better buy your silver or crypto now. Last call.

arby63's picture

What a concoction of lies and deceit. 

small axe's picture

these numbers will be exactly the same in 10 years, when a loaf of bread is $20.

good thing we'll all be on new hypertension drugs to control high blood pressure due to outrage

Al Huxley's picture

What happened?  Did they accidentally let something everybody uses (like food, or gas, or housing) get into their index calculations this month?  Sloppy boys, really sloppy - where's your fucking hedonic substitutions?

Giant Meteor's picture

When folks can't afford ground beef, they subsitiute with Alpo ?

Yen Cross's picture

 That should flatten the yield curve even further?

  37 basis points difference between 5's & 10's.  lulz

Jtrillian's picture

Welcome to the STAGFLATION economy brought to you by the Central Banks! 

Arrow4Truth's picture

The solution would be to stop consuming.

konadog's picture

Stagflation. It does a country good.

This is a public service message brought to you by the US Federal Reserve, the MIC, and the Ad Council.