US CPI/PPI - 2022-05-10
Date:
Wednesday, May 11, 2022
Summary:
A disappointment -- month-over-month CPI was 1/3 of last month's, while consensus was for 1/6. But not the usual narrative. Gas prices fell! The worst villain was (you won't guess) health insurance. Now the Fed will have to crank up rates to make insurance costs come down.