Don’t Dread Dwindling Disinflation

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Don’t Dread Dwindling Disinflation

Inflation ticked up in October. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.2 percent last month. Prices are up 2.6 percent over the last twelve months, slightly higher than the 2.4 percent growth realized over the twelve-month period ending in September.  Core inflation, which excludes volatile food and energy prices, is even higher. It rose 0.3 percent in October and 3.3 percent over the last twelve month…

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The Central Bank has published a summary text regarding the Monetary Policy Committee (PPK) meeting held last week. The text notes that changes were made to the application of required reserves based on credit growth... Click for more