Inflation is on the mind of many investors. Whether it is permanent or transitory.
US Core inflation (CPI less food and energy) rose 3.8% year-over-year and beat expectations of 3.5% year-over-year. Core inflation is the highest since February 1992.
CPI overall rose 5.0% year-over-year, beating the expectation of 4.7%.
Used cars once again led consumer price increases.
Of course, the single biggest expenditure for households is usually housing. However, home price inflation is not counted. But is should be since home prices are growing at 13.9% year-over-year pace, higher than the catastrophic housing bubble of 2005-2007.
I really think that home prices should be a part of the core inflation index. Then we would see inflation!