CCPI turns upward…from -0.1 to 0.1

Posted on May 19, 2017 by Credit Flow Investor

 

And just core:

Core inflation grows again in april..

  1. Energy has turned up (fall in Mar is energy related -3.2!) now 1.1
  2. New vehicles drop less
  3. Used drop a lot less
  4. Shelter jumped 0.1 to 0.3…shelter consistent at 0.3 driving core up

Oil was strong this week and X 40wkma as predicted. USD has X below the line pushing inflation up. SPY will rally in 1-2 weeks driving ccpi higher by Jun or Jul Fed Meeting.

 

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