Inflation continued to moderate in July as both top-line and core inflation increased 0.2%; top-line inflation increased 2.9% from one year ago and core inflation advanced 3.2%. The internals of the report released by the Bureau of Labor Statistics on Wednesday tend to suggest that there will be further ... READ MORE >
CPI
Retail demand shows weakness, leading to first inflation dip in 6 months
In a noteworthy turn, core goods prices have experienced a continued decline, contributing to the first dip in inflation in six months, according to April’s consumer price index. April's retail sales data paints a picture of stagnation, hinting at a weakening consumer base grappling with high interest ... READ MORE >
U.S. October consumer price index: Further evidence of disinflation
If one was looking for evidence of a soft landing and a sustained economic expansion, look no further than the October consumer price index. Disinflation inside the October consumer price index caused by falling commodity, oil and gasoline prices resulted in no increase in inflation on the month ... READ MORE >
Near-target inflation fuels hope of soft landing for economy
Inflation stabilized further in July as the consumer price index data met expectations, the Bureau of Labor Statistics reported on Thursday. The slight uptick in annual inflation to 3.2% from 3.0% could be dismissed due to the base year effect, as inflation has come down fast from a peak in June last ... READ MORE >
US July CPI: Inflation posts likely peak as commodity, gas and transportation prices fall
Commodity, oil, and gasoline prices declined noticeably in July, driving the pace of top-line inflation lower even as core inflation continued to increase at a torrid pace. This will provide a large boost to overall consumption and economic activity as Americans likely spent roughly $400 million less on ... 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 begins its temporary march upward
Increases in energy and transportation costs that were magnified by comparisons to last year’s economic downturn helped push the Consumer Price Index higher at an annual rate of 2.6% in March, according to government data released on Tuesday. The increase in the CPI, which was 0.6% on a monthly basis, ... READ MORE >
CHART OF THE DAY: Consumer prices surged in July, glossing over looming food insecurity
Core consumer prices in July gained the most since January 1991, as many categories of consumer goods stabilized after the initial broad pandemic-induced lockdowns. While news headlines may seem to paint a picture of a new inflationary environment, excess capacity in the economy remains disinflationary ... READ MORE >
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 >