A little inflation update for you. The CPI inflation numbers and its various components were released today. Click on the picture at right to examine three sections of the inflation number:
The graph is of year over year percentage change to reduce seasonal fluctuations.
CPI for all urban consumer in blue
CPI less food and energy in red
CPI housing component in green
Both headline CPI and the housing component are in negative territory (that's deflation folks) and the CPI less food and energy continues the slow drop towards zero. The housing component has never been negative until this current recession since the data series began in 1967.