Tag Archives: inflation
Personal disposable incomes dropped 0.2% both before and after adjusting for inflation in October. That was despite the end of government furloughs, which took place in July and August. Moreover, government workers who were forced to work without pay or were sent home during the government shutdown were paid retroactively.
The Consumer Price Index (CPI) rose 0.2% in September and decelerated on a year-on-year basis to a tepid 1.2%. Though energy prices moderated during the last three months, particularly at the pump, they drove what little increase we saw in inflation. Energy prices remain well below (-3.1%) where they were a year ago. Apparel prices [...]
The Consumer Price Index (CPI) rose a modest 0.1% in August. A sharp drop in energy prices (mostly natural gas) offset an outsized increase in medical care services and apparel. The cost of shelter also continued to increase, as rents and home prices both continued to move higher. Airline fares, household furnishings and used vehicles [...]
Retail sales rose 0.2% in August, after being revised up in July. Retail sales excluding vehicles and core retail sales were up 0.1% but were also revised up last month. The net result is a slightly better reading on consumer spending than it would appear at first glance.
The consumer price index (CPI) rose 0.2% in July, after surging 0.5% the previous month. Sharp gains in prices at the pump were offset by declines in other energy prices, most notably natural gas. Prices for fresh fruits and vegetables also climbed, which is evident for anyone going to the grocery store. Constraints on wages, [...]
The producer price index (PPI) flatlined in July after surging 0.8% in June. Food prices were flat and energy prices declined slightly, with a drop in natural gas and other energy prices offsetting continued increases in prices at the pump. Prices excluding food and energy edged up a modest 0.1%. Prices of intermediate goods were [...]
The Federal Open Market Committee (FOMC) voted to reaffirm its commitment to continue to buy mortgage-backed securities and Treasury bonds at an $85 billion pace. In a shift in favor of the doves in the room, the FOMC also altered its language regarding the pace of the recovery, calling it “modest” and no longer “moderate.” [...]
Personal disposable incomes rose 0.4% in May, after adjusting for inflation; that marks a moderate pickup after almost flatlining in April. Gains in wages and salaries more than offset a sharp decline in farm incomes, while payments from social benefits came back after an unusual drop in April.
The Consumer Price Index (CPI) rose a modest 0.1% in May, with a spike in natural gas prices and electricity costs offsetting declines and negligible increases in nearly all other categories. Food prices dropped, everywhere but in restaurants (which explains some of the weakness in dining out in May), despite increases in agricultural prices. Food [...]
Industrial production flatlined in May after declining in April. Gains in the mining sector were offset by a sharp drop in utilities production. March and April were unusually cool months for spring, which meant more use of heat than usual for those months. Production of consumer goods was mixed, with gains in vehicles and everything [...]