Higher Gas Prices Drive U.S. Inflation Up 0.4% In November

Summary

  • The sharp increase matched the consensus estimate, so it wasn’t a surprise for the markets.
  • Core inflation remains muted, increasing just 0.1% for the month and 1.7% over the last 12 months.
  • Today’s data won’t alter the Federal Reserve’s course toward higher short-term interest rates. This month’s reopening of a 5-year TIPS is looking attractive.

Read my full analysis on SeekingAlpha.com

Also, I have updated my Tracking Inflation and I Bonds page with the new numbers.

And here are the new January inflation indexes for all TIPS.

 

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One Response to Higher Gas Prices Drive U.S. Inflation Up 0.4% In November

  1. Ed says:

    Hi Dave,
    Thanks much again for this website!
    As I have opined before, I reckon that the full insurance against unforeseen inflation is a huge benefit.

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