Free Markets, Free People

Economic Statistics for 20 Jan 16

Consumer prices fell -0.1% overall in December, while the core CPI, which excludes food and energy, rose 0.1%. On a year-over-year basis, The CPI is up 0.7% overall, and 2.1% at the core.

Housing starts fell -2.5% in December to a 1.149 million annual rate, while building permits fell -3.9% to a 1.232 million rate.

The MBA reports that mortgage applications rose 9.0% last week, with purchases down -2.0% but refis up 19.0%.

Redbook reports that last week’s retail sales growth fell to 1.4% on a year-ago basis, from the previous week’s already-soft 1.7%.

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