Not so fast, CPI!

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 11 January 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The last consumer price index came out today. In short? Prices ticked up a bit more than expected. We’ll dig into two major line items: the cost of shelter (and why it’s a lagging indicator when it comes to the CPI) and grocery prices — for that, we’ll hear from shoppers themselves. Also in this episode, restaurants may be the new frontier for dynamic pricing, and farmers lacking child care options could get some help from the next farm bill.

Transcript

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1:30.3	That interest rate cut that people were banking on coming sooner rather than later?
1:37.0	Maybe not so fast. From American public media, It is Thursday today. This one is the 11th of January.
2:00.5	Good as always to have you along everybody. While one cannot of course
2:05.0	know it lurks in the heart of the Federal Reserve today's not quite as good
2:09.8	as people had been hoping for a report on inflation will likely give the Central Bank just a little bit of pause.
2:17.0	Yes, the core consumer price index for December came in at 3.9% year-on, that is down from a 4% annual rate in November.
2:27.0	Also, yes, the CPI is way down from its pandemic peak.
	...

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