It's The Economy Stupid: CPI - a DECLINE???

Did your cost of living decline????  Sure doesn’t feel like mine did.

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
MBA Mortgage Applications	11-Nov		-10.0%
Consumer Price Index  MoM	OCT	0.00%	-0.08%	0.30%
CPI Ex Food & Energy  MoM	OCT	0.10%	0.14%	0.05%
Consumper Price Index  YoY	OCT	3.70%	3.50%	3.90%
CPI Ex Food & Energy  YoY	OCT	2.10%	2.10%	2.00%
Consumer Price Index NSA	OCT	226.621	2.264	226.889
CPI Core Index SA	OCT		2.264	226.137

 

 

U.S. Consumer Prices Fell 0.1% in October; Core Rate Rose 0.1%

 

The cost of living in the U.S. unexpectedly fell in October for the first time in four months, a sign that inflationary pressures may be starting to recede.

 

The consumer-price index declined 0.1 percent from the prior month after a 0.3 percent rise, a report from the Labor Department showed today in Washington. The so-called core rate

that excludes volatile food and fuel costs rose 0.1 percent, matching September as the smallest gain this year.

 

Receding raw-material costs compared with earlier this year may make it easier for some retailers to hold the line on prices as they compete for consumers coping with stagnating incomes

entering the holiday shopping season. Less inflation also gives Federal Reserve officials more leeway to take additional measures should the economy falter.

 

The median forecast called for no change in the consumer price index, according to a Bloomberg News survey. Estimates of the 86 economists surveyed ranged from a decline of 0.2 percent

to a 0.3 percent gain. Economists projected a 0.1 percent gain in core prices, according to the survey median. Overall consumer prices increased 3.5 percent in the 12 months ended October.

The core CPI climbed 2.1 percent from October 2010. Fed policy makers aim for long-run overall inflation of 1.7 percent to 2 percent, according to their Nov. 2 forecast.

 

 

 

 

Boudin Chaud. Cous Cous Froide. Allons Tigres--Poussez Poussez Poussez

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

Street Address:

445 North Blvd, 7^th Floor

Baton Rouge, LA 70802

Mailing Address:

P.O. Box 44154 Capitol Station

Baton Rouge, LA 70804-4154

Physical Location:

One City Plaza, 7th Floor

Corner of North Blvd & 4th Street

Exit 1B I-110 Convention Street, Turn Left to get to North Blvd