Cpi news and trends

Just in Time for Summer: Apparel and Dining Out Get More Expensive
Economy // 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 Wednesday (April 10), and CEO Ed Bastian said there has been “real strong demand” to...

Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
Artificial Intelligence // December 26, 2023

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence over the past year. The technology has spawned no end of human speculation about AI’s...

Inflation Slows but Food Still Eats Up Purchasing Power 
Economy // December 12, 2023

The grocery bill may increasingly be hard to swallow. The restaurant tab may make diners hesitant to reach for the check, and perhaps seek to split the bill with the rest of the table. In terms of headline numbers, the Consumer Price Index (CPI) increased 0.1% in...

Consumers Don’t Pay Attention to Month-to-Month Grocery Inflation
Consumer Finance // October 11, 2023

Even as monthly grocery inflation eases, PYMNTS Intelligence reveals, consumers are feeling the weight of the past three years of price increases when they go to the supermarket. By the Numbers A PYMNTS survey of more than 2,100 U.S. consumers finds that consumers estimate that...

Interviews & Exclusives
Inflation Cools; Prices Still 22% Higher Than Before the Pandemic

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 by the U.S. consumer. As reported Wednesday (May 15), the CPI released by the Bureau of Labor Statistics noted that prices were 0.3% higher in […]

Just in Time for Summer: Apparel and Dining Out Get More Expensive

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...

Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight

December 26, 2023
With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been showered on generative artificial intelligence...

Foundational Models: Building Blocks for Generative AI Applications

September 15, 2023
By Stefan Geirhofer and Scott McKinney Generative artificial intelligence (GenAI) refers to a category of machine learning models that, in response to a user’s input prompt, can generate output based...

Quick Reads
Markups by Auto Dealers Helped Fuel Inflation, Government Study Shows

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 profits contributed 0.3 to 0.7 percentage points to the almost 16% increase in the Consumer Price Index (CPI) between the close of 2019 and the […]

Report: Climbing CPI Could Force More Fed Rate Hikes

April 09, 2023
Durable U.S. inflation last month could test the Federal Reserve. As Bloomberg News reported Saturday (April 8), upcoming government data is expected to show a 0.4% increase in the core consumer price...

CPI Card Group Debuts Mobile Wallet Tool

March 23, 2022
Payments technology company CPI Card Group Inc. has debuted its Push Provisioning service, the Colorado company said in a news release Wednesday (March 23). The service “facilitates the tokenization of...

US Consumer Price Index Drops To 2008 Level In April

May 12, 2020
The Consumer Price Index (CPI) fell to its lowest level in a dozen years last month, according to the U.S. Bureau of Labor Statistics (BLS). The CPI, a measure of...