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October 2012 CPI Rises to 2.2% Inflation Year-over-Year
Thursday, November 15, 2012 20:44
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by Steven Hansen and Doug Short
The October 2012 Consumer Price Index (CPI-U) annual inflation rate grew from 2.0% to 2.2%. Core inflation (CPI less food and energy) was unchanged at 
2.0% annual inflation.
The dynamics are energy and food price components were mixed – but the growth in food was more significant and over-riding. There inflation pressure from non-energy related components of the CPI came from shelter.
The Producer Price Index (released yesterday) shows crude goods are still deflating – and should bring headwinds for price inflation to the CPI.
2012-11-15 17:46:01
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