January US Inflation (Core) Remains At 2.2% YoY (While CPI YoY Declines To 1.6% YoY)

Where’s the inflation former Fed Chair Janet Yellen said was right around the corner?

US Inflation, at least the way the BLS measures it, either declined or remained the same in January.

jan19infl

Core inflation YoY remained at 2.2%.

coreinfjan19

Rent inflation dropped slightly to 3.2% YoY.

rentinf.png

This is in keeping with slowing home price growth.

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