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US CPI fell for the first time in nine months. Potential inflationary pressures remain strong.

January 11, 2019 21:59
source: Zhongjin Net

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Due togasolineCosts fell sharply. The US consumer price index fell for the first time in nine months in December, but potential inflationary pressures remain strong as rental housing and healthcare costs rise steadily.

Huixin quoted the US Labor Department on Friday as saying that the consumer price index fell 0.1% last month, the first decline since March.CPIIt rose by 1.9% year-on-year after rising 2.2% in November. Excluding volatile food and energy components, CPI rose 0.2%, rising for the third consecutive month. In the 12 months to December, the so-called core CPI rose 2.2%, in line with the November increase.

The December inflation data is in line with economists' expectations. Fed tracking with 2% inflation targetcurrencyAnother measure of policy - the core personal consumption expenditure (PCE) price index. The core PCE in November increased by 1.9% year-on-year, while it increased by 1.8% in October. It reached 2% in March, the first time since April 2012.

In the case of oversupply and a slowdown in global economic growth,Oil priceA sharp fall has curbed overall inflation. Lower oil prices are also filtered to core inflation through cheaper tickets. Although the Fed predicts to raise interest rates twice this year, moderate inflationary pressures may support a number of policymakers, including Chairman Powell, to be cautious about raising interest rates this year.

According to the letter observation, Powell reiterated this view on Thursday, saying that “especially in the case of low inflation and control, we have the ability to patiently and patiently observe”, while the central bank monitors economic data and financial market growth. risk. The minutes of the Federal Reserve’s policy meeting on December 18-19, released on Wednesday, showed that “many” officials believe that the Fed “can be patient with further policy tightening”.

In December last year, gasoline prices fell by 7.5% after falling 4.2% in November. Food prices rose 0.4%, the biggest increase since May 2014, rising 0.2% in November. After rising 0.2% last month, domestic food consumption increased by 0.3% in December.

The owner is equivalent to the rent of the main house. This is the cost paid by the owner for renting or renting. After rising 0.3% in November, it rose by 0.2% in December. Medical costs rose 0.3% last month, after rising 0.4% in November. Hospital service costs rose by 0.5%, but prescription drug prices fell by 0.4%, and doctors' treatment costs did not change. Clothing prices in December remained unchanged after falling 0.9% last month. Airline fares fell by 1.5%.

(Article source: Zhongjin.com)

                (Editor: DF378)

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