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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).
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
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