4609 Outlook

Economic Outlook: October 16, 2020

Oct 16, 2020  | Ep4609

The supply and demand chain has been reworked the last seven months as some habits and lifestyles change. --

The Consumer Price Index rose 0.2 percent last month driven by the highest price for used cars since 1969.

The core rate, where food and energy are removed, also rose 0.2 percent.

The measure of inflation before it reaches the consumer increased 0.4 percent last month as the price of food fresh vegetables and meat moved higher.

Americans spent more money on clothing, cars and sporting goods which helped drive retail sales to its fifth straight month of growth.

The Rural Mainstreet Index added to its streak of gains with a three point increase above growth neutral. The Creighton University survey reported bars and restaurants struggling most as commodity price increases countered losses.

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