A QUESTION ABOUT TODAY’S CPI REPORT
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Submitted by The Capital Spectator
Is something amiss in the energy statistics in today’s CPI update?
The question comes to mind after reading the press release for the report on consumer prices in February. In particular, the CPI’s “special” energy index posts a 0.5% decline for last month, which presumably is a contributing factor for why the CPI overall is reported as unchanged for February. Given all the chatter about inflation risk of late, the news that the CPI change last month was zero is surprising, at least to this reporter.
