Rejoice! The CPI Rose Just 0.1% Last Month
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Macroeconomically, it's a most wonderful time. For the fifth month in a row, the rate of inflation has slowed, and just in time for Christmas.
The consumer price index rose just 0.1% from the previous month, an increase of 7.1% from a year ago, well below Wall Street's estimates. Investors took the data as a sign that those elves at the Federal Reserve have finally grasped the monetary policy reindeer by the antlers, which would be a gift to the market and consumers desperate for interest rate relief.
Source Fool.com
