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Core inflation drops on falling housing costs [MarketWatch]

Friday, February 19, 2010 - 9:37 AM
January CPI was just released this morning, and the news is not good for those hoping for higher interest rates. According to MarketWatch
U.S. core consumer prices fell a seasonally adjusted 0.1% in January, the first decline since 1982, the Labor Department estimated Friday. [...] Inflation was weaker than expected by economists surveyed by MarketWatch.
Note, PPI numbers were released yesterday which showed more inflation (see post).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634