Who doesn't like a bit of nostalgia for the 1980s? But the inflation rates, like shoulder pads, are probably something we would prefer to do without. The Month-on-Month reading for US CPI is a little higher than expected taking the headline to 0.5%MoM, 7%YoY while core (ex-food & energy) is up 0.6%MoM, 5.5%YoY. The big upside was in clothing, posting a 1.7%MoM increase after a 1.3% increase in November. Used car prices were up another 3.5%YoY with new vehicles prices gaining 1%. Housing was also strong, posting another 0.4% increase. Food was up 0.5%. On the downside, there were price declines in recreation and fuel (full story)