Core Consumer Price Growth Comes In Cold - Apparel Prices Plunge Most Since 1998

Following producer prices' surge in November, consumer prices rose 2.2% YoY (as expected).

October producer price pushed to its highest since Dec 2011 but consumer prices are not being pushed higher for now...

The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase; indexes for motor vehicle insurance, used cars and trucks, and new vehicles also increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in November  

However, core consumer price growth disappointed, dipping to just 1.7% YoY - near the lowest in 3 years.

 

The shelter index continued to rise,but the silver lining is that growth is slowing...

 

And ahead of Christmas - The apparel index fell in November; its 1.3-percent decline was its largest decrease since September 1998...

Comments

CJgipper Dec 13, 2017 8:52 PM Permalink

Price a wool hunting sweater and get back to me on that falling apparel prices. Or wool socks. Or goretex rain gear.  Or boots. Or any other REAL mens clothing.

rejected Dec 13, 2017 10:08 AM Permalink

Inflation about 9 percentUnemployment about 20 percentGDP at -2 percentCalculated pre common core math when the government press couldn't BS people by Shadowstats.

FreeNewEnergy Dec 13, 2017 9:26 AM Permalink

OK, the stage is set for Janet and her boyz to hike the FF rate another 25 BP.You go, girl. Go away, that is.Her legacy will be one of guiding the economy into a recession.Good job, Bronwie.1.25-1.50% on overnights with the 30 sitting at 2.75%. Sure, that makes sense, especially if you're looking to invert the 2s and 5s.Love it. Keep it up, morons.

itstippy Jason T Dec 13, 2017 10:16 AM Permalink

CPI for "apparel" is pretty tough to calculate.  Take a basic mid-quality cotton T-shirt made in Bangladesh for example:The wholesaler sells the shirt in bulk for $0.79.  The purchaser feels the shirt is worth $0.79.Wal-Mart sells the shirt for $7.  The purchaser feels the shirt is worth $7.A fashionable retailer prints "Abercrombie & Fitch" on the shirt and sells it for $18.  The purchaser feels the shirt is worth $18.A licensed NFL Franchise store puts a football team logo on the shirt and sells it for $25.  The purchaser feels the shirt is worth $25.Posh Spice wears the shirt, then donates it to a charity auction where it sells for $450.  The purchaser feels the shirt is worth $450.A starving Millenial finds the shirt at Goodwill on the $1 rack and buys it.  The purchaser feels the shirt is worth $1.Same shirt.  So what's the CPI for mid-quality cotton tees? 

In reply to by Jason T

GunnerySgtHartman Dec 13, 2017 8:45 AM Permalink

Lies, damned lies, and statistics.  Just go to the grocery store for evidence to the contrary.  (and yes, I'm aware that food and energy aren't considered 'core CPI,' but they SHOULD be as you can't live without them)