CPI Prep: Inflation is Getting Entrenched

CPI auto-correlates which is one of the reasons why inflation can become entrenched... as it looks to be today.

Inflation is not going away. We will get November CPI this week, with core expected to come in at 3.3% again, and headline expected to inch higher to 2.7% from 2.6% in October.

-BBG Macro Analyst