Heterodox
Consumer inflation remains dominated by gas prices (good) and shelter (bad) – by New Deal democrat Declining gas prices continue to do wondrous things for the economy. In December they declined from roughly $3.50 to $3.10/gallon. Meanwhile the phantom menace of Owners’ Equivalent Rent continues to drag “core” inflation higher. Details below. Total inflation: -0.1%m/m , +6.4% YoY (12 month+ low), +0.9% since June, 1.8% annual rate Core...
Read More »Consumer inflation remains dominated by gas prices (good) and shelter (bad)
