Relevant and even prescient commentary on news, politics and the economy.

Consumer inflation remains dominated by gas prices (good) and shelter (bad)

Consumer inflation remains dominated by gas prices (good) and shelter (bad)  – by New Deal democrat Declining gas prices continue to do wondrous things for the economy. In December they declined from roughly $3.50 to $3.10/gallon. Meanwhile the phantom menace of Owners’ Equivalent Rent continues to drag “core” inflation higher. Details below. Total inflation: -0.1%m/m […]