CPI: Unch, But... in [Market-Ticker]

Posted 2012-08-15 13:48
by Karl Denninger
in Macro Factors

CPI: Unch, But...

From the Bureau of Lies and Scams (BLS):

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment.

This was all energy price decreases, incidentally, although the claim is that ex food and energy it was 0.1 (instead of 0.2 the last four months.)

Nothing jumps out at me in the table as being particularly good (or bad); contrary to the PPI my response to this report is "ho hum -- when is lunch?"

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User Info	CPI: Unch, But... in forum [Market-Ticker]
Randy123 Posts: 5863 Incept: 2008-09-24 Earth	RROB approaching year highs after all of 2 monthsish off the lows. So much for this report. ---------- China is the Enemy. Wake Up. New Normal. Same As The Old Awful. 2012-08-15 14:52:47 Permalink