Heterodox
– by New Deal democrat August CPI, with the conspicuous exception of shelter, continued to come in tame. And the list of other “problem children” decreased by 1, as only food away from home (restaurants) and transportation services (motor vehicle insurance and repairs) remain. Let’s get the headlines out of the way: – Headline CPI continued increased 0.2% for the month, and decelerated to 2.6% YoY, its best showing since February of...
Read More »August CPI: further important progress towards 2% YoY level, marred (only) by a surprise uptick in shelter
