Things continue to move sideways, not providing a strong new signal in either direction. The next two months will be interesting, because core CPI excluding shelter last December and January totaled about 0.6% (not annualized). Unless there is a similar statistical jump this year, by the end of January, core CPI will be back under 2% and core CPI excluding shelter will be back down close to 1.0%. Potentially that could affect sentiment about future rate hikes.
For now, core CPI is 2.2%, Shelter CPI is 3.2%, and core CPI excluding Shelter is 1.5%.
Things continue to move sideways, not providing a strong new signal in either direction. The next two months will be interesting, because core CPI excluding shelter last December and January totaled about 0.6% (not annualized). Unless there is a similar statistical jump this year, by the end of January, core CPI will be back under 2% and core CPI excluding shelter will be back down close to 1.0%. Potentially that could affect sentiment about future rate hikes.
For now, core CPI is 2.2%, Shelter CPI is 3.2%, and core CPI excluding Shelter is 1.5%.
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