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There are five reasons to be cautiously optimistic
The US’ inflation rate climbed to 2.1% in September from 1.5% in August, the fastest growth in nearly a year, according to data released by the Federal Reserve on Wednesday. The consumer price index (CPI) rose at an annualised rate of 2.1% last month, while the core rate, which excludes food and energy, increased to…
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The preferred gauge of inflation shows prices increasing again last month
Personal Consumption Expenditures Inflation (PCE) in the US rose by 6.2% in August compared to a year ago, according to Commerce Department data. The annual rise for the PCE inflation indexes declined in recent months and the annual increase for the Consumer Price Index and producer price index fell to their lowest levels since October…
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US gas prices are down from a year ago.
Gas deflation is alive and well in US as prices have been particularly steep in the state of California, Patrick De Haan, head of petroleum analysis at GasBuddy, said. However, De Haan added that lower energy prices could help reduce consumer inflation. The lower energy prices could help reduce consumer inflation, the US consumer price…
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Inflation Forecasts were not correct last year.
The Consumer Price Index (CPI), a measure of US inflation, was up 6.6% in the 12 months to September compared to a year earlier, the highest rise in over seven years. The core index, which strips out food and energy prices, was up 3.1% in the past 12 months, the largest increase in nearly three…
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The two inflation crises.
The US Consumer Price Index (CPI) increased by an annual rate of 8.1% in the year through September, more than the 8.3% rise in August. However, the core index which excludes food and energy costs rose more than expected and it increased after being removed from the inflation readings to allow for a better sense…