September 14, 2017

The core Consumer Price Index rate continues to show no evidence of accelerating. The annualized rate from taking the average price level over the last three months (June, July, and August) compared with the prior three months (March, April, and May) is just 1.4 percent.

Furthermore even this inflation is driven largely by shelter costs. If shelter costs are excluded from the core index, the annualized rate of inflation over the last three months compared to the prior three months is 0.2 percent. That compares to an increase of 0.5 percent in this measure over the last year. For more, check out the latest Prices Byte.