Core Inflation Fell For the First Time in 28 Years
Down 0.1% in January:
The cost of living in the U.S. rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first time since 1982, indicating the recovery is generating little inflation.And still, the Federal Reserve is full of people who are batsh%$ insane inflation hawks, and there are two seats open, but Obama has not bothered to appoint people who are, you know, saner, in what is clearly a deflationary environment.
The consumer-price index increased 0.2 percent for a fifth straight month, led by higher fuel costs, Labor Department figures showed today in Washington. Excluding energy and food, the so-called core index unexpectedly fell 0.1 percent, reflecting a drop in new-car prices, clothing and shelter.
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