Ed Elson

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We're back with Profiteer Markets.

December inflation data came in without much of a shock, but costs remain high.

According to the Consumer Price Index, headline inflation held steady at 2.7% year-over-year.

That is unchanged from November and in line with forecasts.

Meanwhile, core inflation rose 0.2% month-over-month and 2.6% year-over-year, slightly below estimates.

Still, food, shelter and energy prices increased in December up on the month and the year.

The big question, however, is, is this data even right?