Core Inflation Snaps Historic Streak With June Rise
In May, core CPI did something it's never done previously: fall for a third consecutive month.
Once again, indexes for apparel, gas, and transportation services fell, while food at home prices rose, a juxtaposition emblematic of the pandemic’s Harvey Dent character -- the biggest demand shock in at least a century is a deflationary supernova almost by definition, but the virus is also a supply shock in many respects.
This has fueled an increasingly vociferous debate about the longer-term im