all items ............ 6.8%
food ................. 6.1%
all less food & energy 4.9%
energy ............... 33.3%
energy commodities ... 57.5%
energy services ...... 10.7% all items ............ 6.8%
food ................. 6.1%
all less food & energy 4.9%
energy ............... 33.3%
energy commodities ... 57.5%
energy services ...... 10.7%Annualized Core CPI is 3.29%. +1.3% higher than the target.
My first order guess is that Fed will decrease asset purchases gradually and an interest rate hike in the next summer might happen if the long-term core inflation is higher than normal. This seems to be what they are communicating.