The pace of price increases overall is slowing. But the costs of some key essentials remain stubbornly high, and they ticked higher in August. The Bureau of Labor Statistics announced Wednesday (Sept. 11) that the Consumer Price Index (CPI) increased 2.5% over August 2023 levels,...
Things may get better over the longer term, but right now things are tough. To that end, the University of Michigan’s Consumer Sentiment Index, gauging the overall mindset on everything from politics to inflation, was higher for the month of August thus far — just...
The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from the Bureau of Labor Statistics indicated a bump in food prices month over month — both at the grocery store...
April’s Consumer Price Index (CPI) data shows that inflation’s torrid pace is cooling, at least a bit. But one would be hard-pressed to think anything resembling relief is being felt by the U.S. consumer. As reported Wednesday (May 15), the CPI released by the Bureau...
October 10, 2024
In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels. Case in point: Septembers’ official reading on consumer price increases reflected an overall slowing pace of inflation — on an annualized basis — though the 0.2% month-over-month increase was “hotter” […]
August 16, 2024
Things may get better over the longer term, but right now things are tough. To that end, the University of Michigan’s Consumer Sentiment Index, gauging the overall mindset on everything...
May 15, 2024
April’s Consumer Price Index (CPI) data shows that inflation’s torrid pace is cooling, at least a bit. But one would be hard-pressed to think anything resembling relief is being felt...
April 10, 2024
We’re all booking trips. But what we’re able to spend once we get away from it all … well, that remains to be seen. Delta Air Lines reported earnings on...
January 12, 2024
The Producer Price Index (PPI) declined for a third consecutive month in December. Final demand prices fell 0.1% in December after dropping 0.1% in November and 0.4% in October, in seasonally adjusted figures, the Bureau of Labor Statistics (BLS) said in a Friday (Jan. 12) press release. “The December decrease in the index for final demand is attributable […]
November 15, 2023
The head of America’s biggest bank says it’s too soon to declare victory against inflation. “I’m afraid inflation might not go away that quickly,” JPMorgan Chase CEO Jamie Dimon told Bloomberg TV on Tuesday (Nov. 14)....
May 10, 2023
Inflation continued slowing last month, good news for consumers as many of them curtailed spending. The Consumer Price Index (CPI) rose 0.4% in April, the Bureau of Labor Statistics announced Wednesday (May...
April 23, 2023
New government research shows that markups on new vehicles helped drive the inflation plaguing consumers. A recent study by the U.S. Bureau of Labor Statistics (BLS) shows that those added...
