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March 12, 2024 at 7:21 pm

Inflation Hot: Consumer Prices Hit New Record High, up 19% Since ‘Bidenomics’ Began…

Food Inflation
ParlerGabTruth Social

by ZeroHedge News Staff at ZeroHedge

After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)…

Source: Bloomberg

The 3-month annualized CPI rate was rose to 2.8% from 1.9%. The 6-month annualized core rate dropped to 3.2% from 3.3%.

Energy costs surged MoM as Core Services inflation slowed MoM…

Source: Bloomberg

Full CPI MoM breakdown:

The index for all items less food and energy rose 0.4 percent in February, as it did the previous month…

ParlerGabTruth Social
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