00:00And we have a forehandle. 4.2 percent is the inflation rate for the last 12 months in the
00:07headline CPI. That's exactly what was anticipated. The month over month for the headline is up half
00:13a percent as anticipated. For the core, it is a two tenths gain. And for the year over year number,
00:20it is 2.9 percent. So the economist survey is bang on what was expected for the total month.
00:28Now, we can look at the numbers overall and see that for goods and services. Now, this is the
00:37kind of breakdown the Fed's going to be looking at. Goods prices were down a tenth of a percent if
00:44you take out food and energy and service prices were up three tenths. Give us a second look at
00:50this data this morning. Where's the little pop coming from? Is it more than just energy?
00:54It doesn't look like it's a whole lot more than just energy. We saw gasoline prices up by seven
00:58tenths of a percent. And that is a significant, I'm sorry, by seven percent, which makes more sense.
01:06And that's up from last month. So we're seeing a big increase in gasoline prices. But
01:11most everything else is up slightly, not up a huge amount. I'll continue looking through this. But
01:20very similar to last month, medical care services were up half a percent. Now, that's a big move
01:25up. So that's something to keep an eye on. It was flat the month before. But we'll keep looking
01:30through the rest of this. Oh, I can tell you very quickly that used cars and trucks contributed
01:34absolutely nothing to this. Remember when we used to watch them very closely?
01:37No big deal from them.
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