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

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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