We’ll take it
Welcome to the Know the Difference Minute for Thursday, November 10th.
The Consumer Price Index, or CPI, has had quite a year---notably racing to a 40-year high. The high-water mark was June’s 9.1%—since then, it’s been winding down to today’s 7.7% year-over-year.  
Today’s 7-7 is a headline number. Core CPI is more useful as it removes volatile categories like food and energy. That was 6.3%--down from September’s. Month-to-month CPI increase was also off .3%.
What’s it mean? Markets reacted at the open. DOW up over 1000 at one point. Nasdaq and S&P followed.   
For most, it means inflation is moving in the right direction. If the trend continues, odds of another 75-basis point hike fade.
So, all good? Not yet. Bankrate’s chief financial analyst said any meaningful relief for household budgets is still somewhere over the horizon. Not with food prices up 10.9% and energy up 17.6%. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.