Core CPI Above Fed Mandate For 13th Straight Month As Cost Of Living Surges Most Since 2007

For the 13th straight month, core consumer prices have risen faster than the Fed's mandated 2% on a year-over-year basis. Headline CPI rose 1.7% YoY - the fastest pace of inflation since July 2014.

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The CPI data met expectations across the board but the real cost of living - for those who prefer a roof over their head - is rising at the fastest pace since 2007.

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Probably nothing though... "Transitory" is the term PhDs would probably use.