Inflation Remains Within Targets in November

Companies and Brands

Published: December 14, 2012 8:46 am

Last Updated: December 14, 2012 8:51 am

The Bureau of Labor Statistics is out with its reading on inflation. In November, the Consumer Price Index was -0.3% on the headline, and the core rate, excluding food and energy, rose by 0.1%. Bloomberg and Dow Jones both had a consensus estimate of -0.2% on the headline and 0.2% for the core rate.

In November, energy prices were down by 4.1%, as gasoline prices were down by 7.4%. Food costs were up by 0.2%.

Here is what investors need to watch closely due to that 2.0% inflation mandate from the Federal Open Market Committee (FOMC): on a year-over-year basis, the nominal CPI was up by 1.8% and the annualized core CPI reading was 1.9% higher. The FOMC did leave a little wiggle room in the CPI reading, up to a sustained expectation of more than 0.5% higher than that 2.0% threshold.

Today’s inflationary data is not likely to be an serious market impact-generation tool, based on how close the numbers are to the consensus estimates.

JON C. OGG

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.