No. 413: December CPI, PPI, Production, Housing Starts, Real Retail Sales

• Patterns of Slowing Growth Have Re-Emerged
• Inflation from High Oil Prices Still Impacting Broad Economy

• 2011 Average Annual Consumer Inflation: 3.2% (CPI-U), 3.6% (CPI-W), 10.7% (SGS)
• 2011 Average Annual Wholesale Inflation: 6.1% (PPI)
• Perils of Poor-Quality Inflation Data and Bad Assumptions
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