Many Experts Do Not Fully Trust the Latest CPI Inflation Report
🔸 The US government released a delayed November inflation report with figures significantly lower than expected.
🔸 Overall inflation stands at 2.7% and core inflation at 2.6%, about 3 percentage points lower than many experts anticipated.
🔸 The report was delayed due to government shutdown and October data was canceled, so the statistical agency had to rely on estimated assumptions.
🔸 The biggest issue lies in housing inflation, especially the rent index, where some areas may have been calculated with a 0% increase ( in October compared to November ), making inflation appear lower than actual.
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MrSunday
· 01-15 01:52
I hope this will have a positive impact on crypto. 😀
Many Experts Do Not Fully Trust the Latest CPI Inflation Report
🔸 The US government released a delayed November inflation report with figures significantly lower than expected.
🔸 Overall inflation stands at 2.7% and core inflation at 2.6%, about 3 percentage points lower than many experts anticipated.
🔸 The report was delayed due to government shutdown and October data was canceled, so the statistical agency had to rely on estimated assumptions.
🔸 The biggest issue lies in housing inflation, especially the rent index, where some areas may have been calculated with a 0% increase ( in October compared to November ), making inflation appear lower than actual.
🔸 Many experts believe inflation could rise again in the coming months as data normalizes. #JoinGrowthPointsDrawToWinGoldenBar #GateLaunchpadKDK $BTC $ETH