Last but not the least are headline and
core inflation numbers, which both grew faster than the Inflation Report suggested.
Core PCE inflation is, however, expected to rise faster with the Fed projecting a 2.1 - percent increase in
the core inflation numbers in 2019 and 2020 correspondingly.
Not exact matches
Although a
number of temporary factors are keeping headline
inflation near its 2 per cent target, our measures of
core inflation are in the lower half of the target band and have been trending downward in recent quarters.
Even the tame July
inflation numbers did little to reverse the unrelenting upward trend in
core inflation, and wage
inflation is still very strong.
What is stripped out of
core inflation and why is that
number so important?
Today's
inflation numbers show that the Federal Reserve still can't seem to generate any
inflation in the economy, with
core inflation rising only 1.8 % year - over-year.
The
inflation numbers just came out and the results where as follows: — CPI (YoY) Jun: 0.50 % (est 0.40 %; prev 0.30 %)-- CPI
Core (YoY) Jun: 1.40 % (est 1.30 %; prev 1.20 %)-- RPI (YoY) Jun: 1.60 % (est 1.50 %; prev 1.40 %)-- PPI Input NSA (MoM) Jun: 1.80 % (est 1.30 %; rev prev 2.20 %) These are great -LSB-...]
Inflation is higher than the
core CPI indicates for a wide
number of reasons, but the simplest one is that they exclude food and energy, whose prices have risen at faster than everything else for the past 10 - 20 years.
For the Japanese Yen, Tokyo
core inflation slipped from 0.8 % to 0.6 % in April, with retail sales also seeing just a 1 % rise in March, year - on - year, following February's 2 % rise, while industrial production increased by 1.2 %, ahead of a forecasted 0.5 % increase, following February's flat finalized
number.