US Consumer Price Growth Slowest Since Sept 2016 As Gas Prices Plummet

Read more on this subject: Economy – Economics USA
News Story Source: by Tyler Durdan
But – that did not work out – headline and core CPI YoY growth topped expectations (+1.6% vs +1.5% exp and +2.2% vs +2.1% exp respectively)…

However, headline CPI YoY slowed to its weakest since September 2016.

As Bloomberg reports, the CPI report had a few quirks, including a 1.1 percent rise in apparel prices that was the biggest in almost a year. Apparel prices reflected outsize gains in footwear, which had the biggest increase since 1988, and women's clothing.

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