Consumer Inflation

Catastrophe averted. Consumer Inflation rose by a slightly elevated .4%, mainly due to increases in the price of fuel. The Core Consumer inflation (excluding food and energy) came in at 0.0%. The increase in prices at the producer level could show itself in next months report (it makes sense that there could be a lag) but we'll have to wait and see. At the very least, we won't see contractionary monetary policy before Christmas.