Will Inflation Become Entrenched In The Economy?
The CPI reading for October came in at 3.2% this morning. This means that consumer prices have only increased 3.2% over the last 12 months. If you take out food and energy from the index, core CPI is up 4% over the same time period.
Here are various inputs that create the headline number and their 12-month price change (Charlie Bilello alwa…