In December, core inflation — which excludes food and energy prices — cooled and increased below economists' monthly and annual forecasts, according to the month's Consumer Price Index (CPI) data out Wednesday morning. What is this signaling about broader disinflation trends as headline CPI also matched projections?
Yahoo Finance host Julie Hyman outlines the slowing growth observed among core CPI and core goods and services.
Bank of America senior US economist Aditya Bhave told Yahoo Finance that "you want to watch services, you probably want to watch auto prices as well. They've just been a little bit uncomfortably strong the last couple of months. We think this is a blip, but it's something worth keeping an eye on."
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This post was written by Luke Carberry Mogan.