Tag Archives: inflation
The Consumer Price Index (CPI) edged 0.2% lower in August, largely on a drop in energy prices. Prices at the pump fell more than 4% alone. All of the savings at the pump is likely to be spent on food, where prices continued to rise during the month.
Real disposable incomes increased by 0.1% in July after being revised up for the month of June. The most weakness occurred in wages and salaries. Rental incomes increased, which is keeping investors in the housing market, particularly in the Midwest where foreclosures are still around for investors to flip to rent. Real expenditures were slightly [...]
The Consumer Price Index (CPI) edged up 0.1% in July from June, with widespread declines in energy prices offsetting a larger-than-expected uptick in food prices. Grocers and restaurants raised prices, attempting to tap into the discretionary spending that lower prices at the pump will hopefully bring. So far, however, increases in food prices have proven [...]
Real GDP growth rose a more-than-expected 4% in the second quarter, after falling a less-than-previously reported 2.1% in the first quarter. The forecast was for a 3% rebound in growth. Benchmark revisions, which include more complete data, helped to reduce the drop in the first quarter. Almost all of the “unexpected rise” in growth in [...]
The Consumer Price Index (CPI) rose 0.3% in June, after rising 0.4% in May. Almost all of the increase (2/3) was driven by a sharp (3.3%) jump in prices at the gas pump. Food prices decelerated in June, after increases in previous months; prices at the grocery store were flat after some increase in recent [...]
Federal Reserve Chair Janet Yellen has been succinct in her testimony to the Senate Banking Committee today. She emphasized that weakness in the first quarter was likely transitory, but still worse than anyone expected. The Fed needs to be mindful on how much it can write off to weather problems. She also cited ongoing problems [...]
As expected, the FOMC voted to stay the course and continue its gradual tapering of asset purchases today, with a reduction of $5 billion in purchases of mortgage-backed securities to $15 billion per month and a $5 billion in Treasury bond purchases to $20 billion in July. The Fed marked down its forecast for the [...]
The Consumer Price Index (CPI) rose 0.4% in May, the largest increase since early 2013. The rise in food prices on the heels of a harsh winter, disruptions to the planting season and drought in the West pushed up the price of food at home by 0.7%, which was no surprise to anyone shopping at [...]
The Consumer Price Index (CPI) rose 0.3% in April, driven by outsize gains in gasoline prices (other energy prices dropped during the month), airfares and, to a lesser extent, new and used cars. Food prices also picked up as the effects of the drought out West and late start to the planting season in the [...]
The Producer Price Index (PPI) for final demand jumped 0.6% in April after flatlining in March. The index hit its fastest pace of price increases on a year-over-year basis since July 2013. A surge in meat prices accounted for much of the jump.