CPI lower.

Consumer Price Index (November 2014)

– CPI month/month -0.3%. Previous was +0.0%
– CPI year/year  +1.3%  Previous was +1.7%.
– CPI core (less food & energy) month/month  +0.1%. Previous was +0.2%
– CPI core (less food & energy) year/year   +1.7%. Previous was +1.8%.

Housing and medical care were more expensive. Gasoline prices fell substantially.

 

MBA Purchase Applications (week ended 12/12/2014)

– Purchase Index Week/Week -7.0%. Previous weeks were +1.0%, +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, and -0.3%.

– Refinance Index Week/Week +0.0%. Previous weeks were +13.0%, -13%, -4.0%, -6.0%, -11.0% -6.0%, -7.0%, +23.0%, +11.0%, +5.0%, and -0.3%.

– Composite Index Week/Week -3.3%. Previous weeks were +7.3%, -7.3%, -4.3%, +4.9%, -0.9%, -2.6%, -6.6%, +11.6%, -5.6%, +3.8%, and -0.2%.