The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor Statistics. Two key areas of essential spending — food and shelter — saw yet another...
Only time will tell if the slight bump in inflation — measured by the latest Consumer Price Index for October and released by the Bureau of Labor Statistics on Wednesday (Nov. 13) — is a blip or something more. The data shows that prices were...
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...
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,...
December 17, 2024
November’s consumer spending was buoyant, as eCommerce sales rebounded from a tepid pace in October. Chalk it up to the festive season, but there are signs that consumers are throttling back on at least some retail categories … so they can fill their online carts in anticipation of giving gifts to their loved ones (or […]
December 11, 2024
The key takeaway from the Consumer Price Index (CPI) released Wednesday (Dec. 11) is that the pace of inflation pace quickened in November, as reported by the Bureau of Labor...
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...
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...
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...
