The overall cost of living remains subdued, with the Consumer Price Index rising 1.4% in January. Over the past six months, the headline inflation rate has remained muted and stands below the Federal Reserve’s 2% implicit target necessary for increased demand and sustainable growth. With an economy still ... READ MORE >
food
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 >