CPI

CPI Comes In Hotter Than Expected On Hotel, Airline Fares; Used Car Prices Drop

The latest inflation print for the month of November came in hotter than expected, with the BLS reporting that headline and core CPI rose by 0.2%, above expectations of a modest 0.1% increase. Both prints were 0.0% in October.  The food index decreased 0.1% in Nov. after rising 0.2% in Oct, while the Energy index…

Deflation Is Back In China As CPI Turns Negative For First Time Since The Financial Crisis

Yesterday, when discussing the biggest jump in Chinese FX reserves in 7 years we wondered if this was an indication that the PBOC was starting to lean against the surging yuan. Today, after the latest Chinese inflation data released moments ago, we are confident that it is only a matter of time before Beijing will…

China CPI Tumbles To 11 Year Low After First Drop In Pork Prices Since Feb 2019

In the latest confirmation that China can not be relied upon to reflate the world out of the covid crisis the same way it succeeded to pull the global economy out of the 2009 depression, moments ago Beijing reported that in October, China’s CPI inflation rose just 0.5% Y/Y in October, below the 0.8% market…