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Core Rate of Inflation, October 2012-17 [JSON] [iframe] [PNG]

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The Core Inflation Rate for October 2017 was 1.80%. Since March the core rate of inflation has fallen below 2.0% which is the target rate of the federal reserve, as it's a reasonable amount of inflation to allow the economy grow and provide jobs and low unemployment but keep inflation in check so products and services remain affordable. The drop in inflation may be due to recent fed hikes, or it may be due to the US economy starting to cool. Regardless, it has to be disconcerting for those who think we might be heading into a recession.

Chart: U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items Less Food and Energy [CPILFESL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPILFESL, November 30, 2017.

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