Consumer Prices Soar By Most In 11 Years In June On Rebound In Fuel Costs
Tyler Durden
Tue, 07/14/2020 – 08:37
After three months of ‘deflation’, consumer prices were expected to rebound strongly in June and it did, with headline CPI beating expectations (+0.6% MoM vs 0.5% exp). That is the biggest monthly jump since June 2019…
Source: Bloomberg
Both Goods (Ex-Energy) and Services (ex-Energy) CPI growth slowed on a YoY basis…
Source: Bloomberg
The driver of the headline beat and surge in CPI was soaring motor fuel costs – up 12% MoM…
Source: Bloomberg
Will The Fed shrug this off as ‘transitory’?
via ZeroHedge News https://ift.tt/38VKZZl Tyler Durden