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Zero Hedge: US Core CPI Runs Hot, 'Supercore' Inflation 'Exceptionally Hot' as Mobile Phone Service Prices Surge to Record
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According to a ZeroHedge financial blog analysis of today's U.S. Consumer Price Index (CPI) report, core CPI remains elevated, while 'supercore inflation'—a measure excluding housing and energy—is exceptionally high. The blog attributes this surge primarily to historic increases in education and communication services prices. Notably, mobile phone service costs have soared to record highs, contributing significantly to the inflationary pressure in this sector. The report highlights persistent price pressures in specific service categories despite broader economic trends.
Source report
The latest U.S. Consumer Price Index (CPI) report, as covered by the ZeroHedge financial blog, reveals that core CPI continues to run hot. Notably, "supercore inflation" has reached exceptionally elevated levels, driven primarily by historic price increases in education and communication services.
Key Drivers
- Education and communication services: Prices have surged to historic highs, contributing significantly to the rise in supercore inflation.
- Mobile phone services: Prices have climbed to record highs, marking a notable component of the overall increase.
These developments underscore persistent inflationary pressures in specific service sectors, even as broader inflation metrics remain under scrutiny.
Source
thsWestern