I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money we have.

Alright, let's catch you up with the big stories happening on Wall Street.

And as per use, the biggie is inflation.

Last week, CPI numbers came out.

These numbers are the government's official measure of inflation.

The new numbers are part of a very slow downward trend.

They dropped from 7.1 in November to 6.5 in December.

The current drop is due to a decrease in fuel and airline ticket prices.

Since both of these are factors in shipping costs, they will have a much larger impact on

inflation than let's say the cost of milk.

If you pull out the cost of fuel and food, you get a number called Core CPI.

That number dropped from 6% to 5.7%.

Again, not the huge drop in the history of the world.

Inflation is still growing, but just at a slower rate.

In a speech last week, the current head of the Federal Reserve Bank of Philadelphia said

he thought we were seeing a pivot from concerns over inflation in the goods sector to inflation

in the service sector.

So again, we're seeing the Fed wrestling with wages as a factor in inflation.

We talked about that on the pod last week.

We'll link that bad boy in the show notes below if you want to catch up.

And there's a little more good news about inflation this week.

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