Core CPI inflation pops 0.6% monthly in January and again in February 2024

 Doubleplusnotgood.

Year over year in February core cpi inflation is still elevated at 3.8%.

The near term trend has definitely turned higher again.

 

 

 

Core CPI inflation in the United States in May at 5.32% year-over-year has hardly come down from 5.58% in January

 

Core CPI inflation has been 5.5% yoy for four straight months