Dollar Nosedives After Inflation Disappoints For 5th Month In A Row

www.zerohedge.com | 8/11/2017 | Staff
iceyy (Posted by) Level 3
Following 'disappointing' (to some) producer price data, consumer prices missed expectations for the 5th month in a row with a mere 0.1% rise MoM (0.2% exp). Year-over-year growth in core consumer prices also slowed for the 7th straight month dropping to just 1.7% - the slowest since Jan 2015. Amid this dismal report, there is a silver lining for Americans, the cost of shelter rose just 0.1% - the smallest rise since March.

Called a “game changer” for the Marijuana industry, this stock is rapidly dominating one of the largest markets in the legal cannabis space.

Index - Items - Food - Energy - Percent

The index for all items less food and energy increased 0.1 percent in July. The shelter index rose 0.1 percent in July, its smallest increase since March. The rent index increased 0.2 percent, while the index for owners' equivalent rent rose 0.3 percent. However, the AriBNB effect keeps crushing hotels - the index for lodging away from home fell sharply, declining 4.2 percent.

The medical care index rose 0.4 percent in July, the same increase as in June. The index for prescription drugs continued to rise, increasing 1.3 percent in July after rising 1.0 percent in June. The index for hospital services rose 0.5 percent, and the physicians' services index advanced 0.1 percent.

Recreation - Index - Percent - July - Increase

The recreation index rose 0.3 percent in July, its largest increase since February. The index for apparel rose 0.3 percent after declining in each of the past four months. The index for airline fares also turned up in July, rising 0.7 percent following 3 months of declines. The index for motor vehicle insurance continued to increase, rising 0.3 percent.

The dollar is disappointed:

Preview - CPI - Miss - RBC - Charlie

In his preview of a potential 5th consecutive CPI miss, RBC's Charlie McElligott has this to day:

US CPI (core) was always going to be the headliner of the week, as the 2.5 year global...
(Excerpt) Read more at: www.zerohedge.com
0 other people are viewing this story
Wake Up To Breaking News!
Sign In or Register to comment.