In case people question my statement in the above post: "in the past 4 months they have been with a sharp downturn in inflation"
The title line are the last 4 months (October over June) AT AN ANNUAL RATE.
I know I know, you won't find this in the media anywhere. They are fundamentally incapable of reporting anything besides the one month change and the twelve month change. They are fundamentally incapable of understanding that maybe the first several months of a 12 month period are ancient history. And yes, they are fundamentally incapable of calculating inflation rates from the data.
Note also the PPI generally leads the CPI. So that the PPI is 0.06% and Core PPI is 2.5% is a good harbinger for the next CPI report in about a month from now.
CPI https://data.bls.gov/timeseries/CUSR0000SA0
Core CPI http://data.bls.gov/timeseries/CUSR0000SA0L1E
PPI http://data.bls.gov/timeseries/WPSFD4
Core PPI http://data.bls.gov/timeseries/WPSFD49116
CPI = Consumer Price Index,
PPI = Producer Price Index aka wholesale prices
The Core CPI is the CPI less food and energy
The Core PPI is the PPI less food, energy, and trade services
How the 4 month inflation figures were calculated:
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=17358410
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