Consumer Price Index

Here’s a couple of charts from today’s Wall Street Journal Daily Shot.

The first shows continuing good news for inflation. It look like it remains in a comfortable range for consumers and may moderate the Federal Reserve Bank’s effort to get short term interest rates to ‘neutral’.

On the other hand, this freight cost chart is at least a little disconcerting. Although there will be a lag in the data, but with lower fuel costs, you would think this would show up fairly soon in this chart.

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