{"id":54162,"date":"2020-07-14T08:44:22","date_gmt":"2020-07-14T13:44:22","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54162"},"modified":"2020-07-14T15:36:57","modified_gmt":"2020-07-14T20:36:57","slug":"consumer-prices-soar-by-most-in-11-years-in-june-on-rebound-in-fuel-costs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54162","title":{"rendered":"Consumer Prices Soar By Most In 11 Years In June On Rebound In Fuel Costs"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/consumer-prices-soar-most-11-years-june-rebound-fuel-costs\">Consumer Prices Soar By Most In 11 Years In June On Rebound In Fuel Costs<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">After three months of &#8216;deflation&#8217;, consumer prices were expected to rebound strongly in June and it did, with headline CPI beating expectations (+0.6% MoM vs 0.5% exp). That is the&nbsp;<strong>biggest monthly jump since June 2019<\/strong>&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmF35D.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Both Goods (Ex-Energy) and Services (ex-Energy) CPI growth slowed on a YoY basis&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmEA02.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The driver of the headline beat and surge in CPI was soaring&nbsp;<strong>motor fuel costs &#8211; up 12% MoM&#8230;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmB3A8_0.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Will The Fed shrug this off as &#8216;transitory&#8217;?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer Prices Soar By Most In 11 Years In June On Rebound In Fuel Costs After three months of &#8216;deflation&#8217;, consumer prices were expected to rebound strongly in June and it did, with headline CPI beating expectations (+0.6% MoM vs 0.5% exp). That is the&nbsp;biggest monthly jump since June 2019&#8230; Both Goods (Ex-Energy) and Services [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2026,426],"class_list":["post-54162","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-prices","tag-inflation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54162"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54162\/revisions"}],"predecessor-version":[{"id":54167,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54162\/revisions\/54167"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}