The U.S. annual inflation rose for the third consecutive month in September, although it was more of a rounding error (3.67 percent to 3.72 percent). On a month-over-month basis, the consumer price index (CPI) jumped 0.4 percent, topping market estimates of 0.3 percent. Core inflation, which removes the volatile energy and food components, remained above […]
Inflation
Producer prices climb to six-month high but revisions dominate the report
All the business news headlines involve the spike in producer prices. To summarize: The September producer price index (PPI) climbed 0.5 percent month-over-month and rose to 2.2 percent year-over-year. Core PPI, which omits the volatile energy and food components, jumped 0.3 percent and increased to 2.7 percent year-over-year. But the most notable part of the […]
Bidenomics: 41% of U.S. households say they are financially worse off than a year ago, New York Fed’s SCE shows
Are you better off now than you were a year ago? According to the Federal Reserve Bank of New York’s (FRBNY) Survey of Consumer Expectations (SCE), more than 41 percent of U.S. households say they are financially worse off than a year ago in September, up from 40 percent in August. By comparison, just 18 […]
Money supply reaccelerates as U.S. inflation pressures revived
What a coincidence! For the past two months, inflation has been reaccelerating. In August, the annual consumer price index (CPI) climbed to 3.7 percent, and the producer price index (PPI) swelled to 1.6 percent. It is quite likely that the September inflation readings will come in hot again. But while all the focus has been […]
US inflation reaccelerates in August, surges to hotter-than-expected 3.7%
The U.S. annual inflation reaccelerated in August, climbing to 3.7 percent, up from 3.2 percent in July. This was also hotter than the consensus estimate of 3.6 percent. The monthly consumer price index (CPI) rose sharply by 0.6 percent, triple from the previous month. This matched economists’ expectations. Core inflation, which eliminates the volatile energy […]