CPI comes in at 2.7% year over year

Joe Squawk (Anchor) 00:00.350

yeah here we go we got jobless games just coming straight across here falling to two twenty four in the week of december thirteenth from two thirty seven that was revised up from two thirty six and not a big deal let's see four week average rising to two seventeen because

Joe Squawk (Anchor) 00:16.270

remember we had that big low number from thanksgiving so that was a seasonal problem i think continue claim rising to one point eight nine seven in the week of december six that's below consensus and it is up from one point eight three the prior week but still not at one point

Joe Squawk (Anchor) 00:32.550

nine percent now the number of the morning the CPI oh maybe coming in a little bit better than expected two point seven percent a little light here i'm not calling i'm just reading the headlines here year over year two seven X food and energy core two six so four tenths off that

Joe Squawk (Anchor) 00:49.470

is a very good number here and it really i i have not looked at the channels i look at them now but it suggests that the internals are good as well let's see year over year over the last twelve months there is no month to month but some guys will be able to calculate seasonally

Joe Squawk (Anchor) 01:04.830

adjusted index for all items food and energy rose zero point two percent over the two months so if correct my math here michael santoli but zero point two divided by two is point one yeah

Michael Santoli (Senior Markets Commentator) 01:16.950

so therefore

Joe Squawk (Anchor) 01:17.710

that's a very very low monthly rate here the index for shelter increase or you did get a really nice decline in in shelter which was zero two so that was point one per month energy index rising one point one percent over the same two month period and what's good about that is

Joe Squawk (Anchor) 01:35.350

energy prices have come off

Michael Santoli (Senior Markets Commentator) 01:36.710

that's right and

Joe Squawk (Anchor) 01:37.390

so the december numbers are going to pick up a better number here let's see the all items index

Michael Santoli (Senior Markets Commentator) 01:42.950

oil has come off

Joe Squawk (Anchor) 01:44.390

i'm gonna go and find right away here all times less food and energy that's the core two point six or that's a very good number with a big rise in like gas services of nine point one percent electricity up six point nine percent this is the year over year rate