November inflation data, rising by 6.8% on the year, offered no relief for American households as energy and transportation costs continued to drive prices higher. While there is some relief over the horizon on both fronts—falling oil and gasoline prices, as well as the return of North American ... READ MORE >
Consumer Price Index
U.S. inflation reached a three-decade high in October
Inflation continued to surge in October, mostly on the back of seasonal influences that boosted the cost of energy, transportation and food, sending the consumer price index up by 6.2% on an annual basis, a three-decade high. This data will complicate the Federal Reserve’s patient stance on rising ... READ MORE >
Chart of the day: Producer prices rise as cost pressures mount
The producer price index inched up 0.6% in October with about a third of the increase coming from higher gasoline prices. This followed a 0.5% increase in September and a 0.7% increase in August, according to a report by the Bureau of Labor Statistics on Tuesday. Still, October’s increase remained ... READ MORE >
Inflation in Canada persists amid shortages
Inflation is proving to be persistent in Canada, with the Consumer Price Index increasing at an annual pace of 4.4% in September amid shortages of workers and supplies. Excluding the volatile food and energy categories, the index rose by a more moderate 3.3% on a year-over-year basis, but it was ... READ MORE >
Chart of the day: Producer Price Index slowed for second month
A day after the Labor Department reported that inflation for consumers had remained stubbornly high in September, the department reported that prices paid by sellers decelerated for the second month in a row. The headline Producer Price Index (PPI) eased to a 0.5% gain on a month-over-month basis, from ... READ MORE >
Inflation remains elevated as supply chain disruptions persist
Inflation continued to move at or near the top of its pandemic-induced pace in September with the overall Consumer Price Index increasing by 0.4% on the month and by 5.4% on an annual basis as supply chain disruptions fueled increases for the sixth consecutive month. Sectors that are sensitive to ... READ MORE >
Chart of the day: Middle of the supply chain feels outsized impact of rising food costs
While U.S. core and headline inflation came in below expectations, according to the latest Consumer Price Index release, it will be well into next year before consumers see this inflation slowdown in their grocery bills and restaurant tickets. Retailers and distributors are continuing to feel the pinch of ... READ MORE >
Consumer Price Index: Inflation eased in August, but it’s too soon to declare victory
Score a victory for team transitory in the inflation wars. The Consumer Price Index eased in August, reaffirming our view that inflation most likely formed a peak in the summer following the historic supply shock that defined pandemic economics starting last year. Top-line inflation eased to 5.3% on a ... READ MORE >
CHART OF THE DAY: Apparel goods pricing takes a mid-summer slide
The Consumer Price Index—which has indicated elevated pricing on apparel goods earlier this summer—appears to be declining on a year-over-year basis, according to Department of Labor data released Aug. 11. While topline CPI remained static at 5.4%, year-over-year CPI on apparel goods continued a ... READ MORE >
July Consumer Price Index: Inflation moderates and likely posts cyclical peak at 5.4%
The five-month surge in inflation has most likely resulted in a cyclical peak, reaching 5.4% in July on the back of a 0.5% increase on the month. The core Consumer Price Index excluding the more volatile food and energy components increased by 0.3% on the month and by 4.3% on a year-ago basis, ... READ MORE >