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Fed Doves Cry As Core Consumer Prices Jump At Fastest Pace Since August 2011
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/19/2016 08:40
This must be transitory, right? Core Consumer Prices surged 0.3% MoM – the biggest jump since August 2011 – and is up 2.2% YoY (the most since June 2012).
We assume this will be ignored for a data-dependent Fed that needs to keep the easing dream alive (as long as stocks are off the highs)…
As detailed in the breakdown… this is a 2.2% YoY rise
As the details show, inflation is picking up…quickly…
The index for all items less food and energy increased 2.2 percent over the past 12 months. This is its highest 12-month change since the period ending June 2012, and exceeds the 1.9 percent average annualized increase over the last 10 years. The index for shelter has risen 3.2 percent over the span, and the medical care index has increased 3.0 percent. In contrast, the indexes for apparel and for airline fares have declined over the past 12 months.The index for all items less food and energy rose 0.3 percent in January. The increase was broad-based, with most of the major components rising, but increases in the indexes for shelter and medical care were the largest contributors.
The post Fed Doves Cry As Core Consumer Prices Jump At Fastest Pace Since August 2011 appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/19/fed-doves-cry-as-core-consumer-prices-jump-at-fastest-pace-since-august-2011-2/
