Rising energy and gasoline prices accounted for roughly half of the 0.6% increase month over month inside the June Consumer Price Index report and should prove transient due to easing demand on the back of an intensifying pandemic. That increase, for the most part, is the recovery in oil and ... READ MORE >
Consumer Price Index
April U.S. Consumer Price Index: Another whiff of pandemic-caused deflation
This is what demand destruction looks like. The 0.8% decline in the Consumer Price Index in April, announced on Tuesday, should serve as a cautionary tale to those espousing dead dogma around risks to the outlook linked to inflation. The U.S. economy is absorbing a significant demand shock, and April’s ... READ MORE >