{"id":25642,"date":"2017-09-14T07:47:18","date_gmt":"2017-09-14T12:47:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25642"},"modified":"2017-09-14T07:47:49","modified_gmt":"2017-09-14T12:47:49","slug":"august-consumer-prices-jump-most-since-january-due-to-soaring-energy-shelter-costs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25642","title":{"rendered":"August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs"},"content":{"rendered":"

\u00a0<\/span>August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs<\/a><\/h3>\n
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After disappointing (for The Fed’s inflationistas) producer prices growth yesterday, consumer prices jumped 0.4% MoM in August – the biggest spike since January<\/strong>. Gains were driven by soaring energy costs (offset by a big decline in vehicle prices).<\/div>\n
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Year over Year, CPI remains below The Fed’s mandat at +1.9% but that is hotter than expected and the highest since April..<\/div>\n
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As the breakdown shows, the gains were largely driven by rising energy and shelter costs<\/strong> (and note that vehicle prices are tumbling)<\/p>\n

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And in core inflation, the shelter index was the main contributor to the rise, increasing 0.5 percent, its largest increase since October 2005. <\/strong>The rent index increased 0.4 percent, and the index for owners’ equivalent rent rose 0.3 percent. The index for lodging away from home rose sharply, increasing 4.4 percent after decreasing 4.2 percent in July.<\/p>\n

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