For the 53rd straight month, core consumer prices rose on a MoM basis in October with the YoY pace re-accelerating to +3.33%...
Source: Bloomberg
Services costs are starting to pick up again...
Source: Bloomberg
The headline CPI rose 0.2% MoM (as expected) which reaccelerated the YoY rise to +2.6% (as expected)...
Source: Bloomberg
Goods deflation ended on a MoM basis...
Source: Bloomberg
While Goods prices are still in deflation, they are re-acclerating and Services inflation remains extremely elevated...
Source: Bloomberg
Under the hood, the much-watched (for a while) SuperCore (Services Ex-Shelter) CPI remains stubbornly high...
Source: Bloomberg
The deflationary pressures are easing...
Source: Bloomberg
On a short-term basis, it's energy's deflation that is doing God's work for Biden/Harris/Powell..
Source: Bloomberg
Overall, headline consumer prices are up 20.4% since Biden/Harris took over (that is almost three times the pace of price inflation that was seen under Trump's first term)...
Source: Bloomberg
Is a resurgence in CPI already baked in the cake (as global money supply has been resurgent)?
Source: Bloomberg
Finally, could we really replay the '70s once again?
Source: Bloomberg
Will that really be Powell's legacy? Or will the timing of this resurgence in inflation be perfectly timed to coincide with Trump's election victory... and offer a perfect patsy for who is to blame?
