Summary
- Headline inflation was 2.2% over the last 12 months, down from 2.7% in February.
- Year-over-year core inflation dropped to 1.9%, the lowest number since October 2015.
- These numbers ease pressure on the Federal Reserve. Rate increases coming? Probably, but no surprises.
Read my full analysis at SeekingAlpha.com
Also, I have updated my Tracking Inflation and I Bonds page with these new numbers.
And here are the new TIPS inflation indexes for June.
I'm going to buy at the end of November, but I'd think it'd be better to buy a couple days…