- Headline inflation came in at 0.0% in November and was up 2.2% year-over-year. Core inflation was up 0.2% for the month and 2.2% for the year.
- Non-seasonally adjusted inflation actually fell 0.33% in November, which means investors in TIPS will take a hit in January, as principal balances decline.
- Overall inflation remains moderate. We have not entered a deflationary period.
Also, I’ve updated my Inflation and I Bonds page with the November numbers.
And here are the new January Inflation Indexes for all TIPS.