As noted earlier, consumer inflation stayed red hot in November as core CPI rose a robust 0.53% mom, which boosted the yoy rate to 4.93% from 4.56% yoy—the highest since 1991. Headline CPI jumped 0.78% mom as energy prices spiked 3.5% mom and food rose 0.7% mom. Headline % yoy similarly soared to 6.81% yoy from 6.22%—the highest since 1982.In its post-mortem breakdown of today’s CPI print, BofA’s Alexander Lin notes that in core goods, new cars picked up 1.1% mom and used cars surged 2.5% mom – just as the Manheim Used Vehicle Index had predicted – as the...