U.S. Core Inflation Remains Muted on Weakness in Cars, Medical Goods

Feb.13 — Seema Shah, chief strategist at Principal Global Investors, Bloomberg Economics’ Stephanie Flanders, and Kirk Hartman, president and global chief investment officer at Wells Fargo Asset Management, discuss the U.S. January core consumer price index. They speak on “Bloomberg Daybreak: Americas.”


In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Wells Fargo

Wells Fargo & Company ( NYSE:WFC ) is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and internationally.

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