Consumer Price Index (CPI)

[tsptalk]

Inflation slows in May, with consumer prices up 3.3% from a year ago

The consumer price index held flat in April though it increased 3.3% from a year ago. Both numbers were 0.1 percentage point below market expectations.

Excluding volatile food and energy prices, core CPI increased 0.2% on the month and 3.4% from a year ago, compared to respective estimates of 0.3% and 3.5%.

Price increases were held in check by a 2% drop in the energy index and just a 0.1% increase in food.

CPI report June 2024: Consumer prices unchanged in May

 

[weatherweenie]

Re: Market News

The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year.
The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate at 3%, around its lowest level in more than three years, the Labor Department reported Thursday. The all-items index rate fell from 3.3% in May, when it was flat on a monthly basis.

 

[tsptalk]

This is duplicate information from what weather weenie posted, but I like to have this CNBC article link in this thread for future reference:


Inflation falls 0.1% in June from prior month, helping case for lower rates

The CPI, a broad measure of costs for goods and services, declined 0.1% from May, putting the 12-month rate at 3%, around its lowest level in more than three years.

Excluding volatile food and energy costs, the so-called core CPI increased 0.1% monthly and 3.3% from a year ago. The annual increase for the core rate was the smallest since April 2021.

A 3.8% slide in gasoline prices held back inflation for the month, offsetting 0.2% increases in both food prices and shelter.

CPI inflation report June 2024:

 

[tsptalk]

Annual inflation rate slows to 2.9% in July, lowest since 2021

The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.

Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.

July 2024 Consumer Price Index: Annual inflation rate slows to 2.9%, lowest since 2021

 

[tsptalk]

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week.

The consumer price index, a broad measure of goods and services costs across the U.S. economy, increased 0.2% for the month, in line with the Dow Jones consensus, the Bureau of Labor Statistics reported.

That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level and compared to the estimate for 2.6%.

CPI inflation report August 2024:

 

[tsptalk]

Inflation: Consumer price increases in September come in slightly hotter than estimates

The Consumer Price Index (CPI) increased 2.4% over the prior year in September, a slight deceleration compared to August's 2.5% annual gain in prices. The yearly increase, which was the lowest annual headline reading since Feb. 2021, came in hotter than economist expectations of a 2.3% annual increase.

https://finance.yahoo.com/news/infl...slightly-hotter-than-estimates-125129070.html


https://www.bls.gov/news.release/pdf/cpi.pdf

 

[tsptalk]

Annual inflation rate hit 2.6% in October, meeting expectations

The core CPI accelerated 0.3% for the month and was at 3.3% annually, also meeting forecasts.

Despite signs of inflation moderating elsewhere, shelter prices continued to be a major contributor to the CPI move.

Inflation-adjusted average hourly earnings for workers increased 0.1% for the month and 1.4% from a year ago.

https://www.cnbc.com/2024/11/13/cpi-inflation-october-2024.html

 

[nasa1974]

Annual inflation rate hit 2.6% in October, meeting expectations

https://www.cnbc.com/2024/11/13/cpi-inflation-october-2024.html

The market seems to like the numbers. Hope we don't have a sell off by the end of the day.

 

[tsptalk]

Annual inflation rate accelerates to 2.7% in November, as expected

The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month.

Excluding food and energy costs, the core CPI was at 3.3% on an annual basis and 0.3% monthly. All of the figures were in line with forecasts.

The report further solidified the market outlook for a cut, with traders raising the odds to 99%, according to the CME Group’s FedWatch measure.

https://www.cnbc.com/2024/12/11/cpi-inflation-november-2024-annual-inflation-rate-accelerates-to-2point7percent-in-november-as-expected.html

 

[tsptalk]

Core inflation rate slows to 3.2% in December, less than expected

The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%. The annual number was in line with forecasts.

Core CPI annual rate was 3.2%, a notch down from the month before and slightly better than the 3.3% outlook.

Shelter prices, which comprise about one-third of the CPI weighting, rose by 0.3% but were up 4.6% from a year ago, the smallest one-year gain since January 2022.

Stock market futures surged following the release while Treasury yields tumbled.

https://www.cnbc.com/2025/01/15/cpi-inflation-december-2024-.html