Inflation’s Cold Case – WSJ

Suddenly, inflation has dropped significantly. It could get even colder in the coming months.

The Labor Department on Tuesday said U.S. consumer prices were rose 0.1% last month on a seasonally adjusted basis from October.— far from the 0.3% economists expected. That pushed overall prices up 7.1% year-on-year, the smallest increase since December last year. Excluding so-called core food and energy commodities, which economists and policy makers look to to better understand inflation trends, prices rose 0.2% more than expected from October and rose 6% year-on-year. did.