Tuesday, October 19, 2004

Core CPI Slightly Higher...

Core CPI .3% vs .2%, Housing starts 1.898m vs. 1.950m, Building permits up 1.8% to 2.01m vs/ 1.950m. As for the CPI, food and apparel prices were unchanged, while the rest of the basket increased(medical, recreation, education, etc.) with significant signs of inflation in the hotel industry. One month ago, I bought a mozzerepa for $3. Last weekend this major CPT component remained the same, although they tasted a tad bit sweeter. Housing maintains robust as evident in the rise in permits for homes to be built for imaginary friends.

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