The headline Consumer Price Index for November was 0%, which was below the consensus guess of economists of 0.1%. Since the onset of QE3 and 4 in November 2o12, CPI has trended from an annual rate of 2% to now 1%. With the latest CPI data now posted, it’s an opportune time to go back and look at several other economic indicators, including key measures adjusted for inflation to show the growth rate in real constant dollar terms.
Looks can be deceiving, especially when they are financial news headlines. The way the media is reporting this morning’s housing starts news, you would think that housing is booming.