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Core CPI Remains Above Fed Mandated 2% For 11th Straight Month As Cost Of Living Surges

Consumer Price rises broadly met expectations across the board with headline CPI jumping from +1.1% YoY to +1.5% YoY - the highest since Oct 2014. Core CPI (at +2.2% YoY) has now run 11 straight months above The Fed's mandated 2% inflation target. Once again prescription drug costs rose notably but 'Shelter', 'Rent', and 'Gasoline' costs surged. The index for all items less food and energy increased 0.
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