MARKET DAILY

Market 11/15: Exposing the truth beneath the better-than-expected October CPI report

Producer inflation PPI drops sharply due to gasoline and oil prices. Retail sales decline as student debt burden returns.

One of the notable points in yesterday's CPI report is the decline -34% Y/Y in the Health Insurance sector.

According to BLS explanation, this figure does not measure fees but profits of insurance companies. Profit decline caused the -34% Y/Y drop.

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