US Economics

US Chart Book

20 November, 2017

Inflationary pressures starting to re-emerge

Core CPI inflation was subdued at 1.8% in October, but there were signs that the transitory factors weighing on core inflation earlier this year are now starting to fade. Medical care price inflation has bottomed out, while the surge in replacement demand for vehicles damaged in the recent hurricanes suggests that both new and used vehicle price inflation will rebound sharply. The three-month annualised growth rate of core consumer prices has surged back up to its highest level since February, suggesting

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