More Bad News For The Fed: CPI Drops In December Despite Rising Shelter Prices

by Tyler Durden
ZeroHedge.com
01/20/2016

Great news for American Consumers – the price of the stuff you buy with stagnant incomes dropped in December by 0.1% (missing expectations of a 0.0% move). But what’s good for Americans is bad news for The Fed as this is a resumption of deflation from mid-2015, and the biggest miss since January 2015. And then there is the ugly news that behind this headline is a 3.7% surge in shelter costs YoY.

The Rest…HERE

This entry was posted on Wednesday, January 20th, 2016 at 12:03 pm and is filed under Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.