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 >
Consumer Price Index
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 >
Consumer Price Index: Inflation begins its temporary march upward
Increases in energy and transportation costs that were made more extreme by comparisons to last year’s economic downturn helped push the Consumer Price Index higher at an annual rate of 2.6% in March. … READ MORE >
CHART OF THE DAY: Rising food costs catch up with grocers
The producer price index for final demand foods increased by 4.4% in February from the year before, outpacing the 3.6% increase in the consumer price index for food at-home purchases. … READ MORE >
U.S. February Consumer Price Index: Inflation to rise from a low base
In February, the top-line CPI index increased by 0.4% month over month and by 1.7% year over year. Core CPI excluding food and energy inched forward by 0.1% on the month and rose 1.3% on a year-ago basis. … READ MORE >
CHART OF THE DAY: Consumer Price Index shows little risk of inflation
The October Consumer Price Index was flat on the top line and in the core metric that excludes energy and food. … READ MORE >
Consumer Price Index: Modest increase in prices, inflation expectations well anchored
Strong demand for transportation and energy, which increased by 1.3% and 0.9% in August, were the primary catalysts for the 0.4% increase in the Consumer Price Index. The all-important core CPI excluding food and energy rose by a similar amount. … READ MORE >