US inflation and fiscal data deepen stagflation worries
CPI was a tenth hot, PPI is up 6.5% on the year, and October's deficit hit $404B, even as the S&P 500 gained over 2% on the week.
US inflation (CPI, year on year)
3.7% +0.40 pts · 3 yr
$404BUS federal deficit for October
6.5%Producer prices, year on year
30.2%CPI rise since January 2020
What we know
US CPI is up 30.2% since January 2020, about 4.0% annualised. Producer prices rose 6.5% year on year, and October's deficit was $404B. CPI came in a tenth hot and the S&P hit 7653. Gasoline has been above $4 for 192 days.
US inflation measures
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
@KobeissiLetter
“US CPI Inflation has surged +30.2% since January 2020”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.