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. … READ MORE >
Consumer Price Index
Chart of the day: Middle of the supply chain feels outsized impact of rising food costs
U.S. inflation came in below expectations, according to the latest CPI, however, it will be well into 2022 before consumers see this inflation slowdown in groceries and restaurant tickets. … 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 likely formed a peak in the summer following the historic supply shock that defined pandemic economics starting last year. … 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. … 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. … READ MORE >
Consumer Price Index surges 5.4% in June as the economy reopens
The recent surge in domestic prices continued as consumer prices increased by 0.9% on a monthly basis and by 5.4% on a year-ago basis, according to Labor Department data released on Tuesday. … READ MORE >
May CPI: Prices surge on strong base effects and economic reopening
We do not expect that these price increases will ease until the fall, when we expect that inflation will peak at just under 5% on a quarterly basis and then begin to ease back toward the Federal Reserve’s 2% target over the next year. … READ MORE >
CHART OF THE DAY: What caused the increase in consumer prices in April?
The debate of the moment in financial markets is inflation: Is it a risk to the economy? The data and our forecast would imply that while prices are rising in a cluster of industrial ecosystems that make up roughly 20% of the economy, we do not expect a sustained increase in overall prices. … READ MORE >
CHART OF THE DAY: A do-over year for the Consumer Price Index
The inflation numbers for April released on Wednesday show the Consumer Price Index rising by 4.2% compared to April 2020, higher than the Bloomberg consensus forecast of 3.6%. … READ MORE >
CHART OF THE DAY: U.S. food prices likely past pandemic peak
Food prices increased by 3.5% in March, according to recent government data, and those increases are likely to become more muted as global supply chains move back toward full production in the near term. … READ MORE >