December 2012 CPI Moderates to 1.7% Year-over-Year Inflation
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January 16, 2013 - 9:02am
by Doug Short and Steven Hansen
The November 2012 Consumer Price Index (CPI-U) year-over-year inflation rate fell modestly from 1.8% to 1.7%. Core inflation (CPI less food and energy) remained at 1.9%.
The dynamics are moderate increase from food, but energy was the big headwind to inflation (even though electricity and gas rose).
The Producer Price Index (released yesterday) showed finished goods with a 1.3% year-over-year inflation rate - which should continue to moderate the CPI.
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