U.S. Consumer Price Index Rose 0.1% In November
(For November 2010)
U.S. consumer price index rose 0.1% in November vs. 0.2% consensus and October reading of 0.2%. On year level CPI inflation is running at 1.1%.
Chart 1. U.S. Consumer Price Index
Consumer price index less food & energy came at 0.1%. October reading was at 0.0%. The consensus was at 0.1%. On year level CPI core inflation is running at 0.7%.
Chart 2. U.S. Consumer Price Index Core (Less Food & Energy)
High PPI and low CPI means margins get crushed. Not good for equities.