Tag Archive for ‘inflation’

Producer Price Index Posts Broad-Based Gains

Inflation in prices received by producers (prior to sales to consumers) increased 0.5% in June according to the latest Producer Price Index release by the Bureau of Labor Statistics.  The increase was driven by a 0.4% increase in the price of services, while the final demand index for goods rose 0.8% (the price of services is weighted roughly double the… Read More ›

Consumer Price Index Rose in April – Pumping Up Inflation

Once again energy prices, notably gasoline (prices at the pump), are driving headline inflation. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 5.0% in April influenced heavily by a 153.5% annualized increase in the price of gasoline. Increases in separate indexes for food and core CPI (excluding food and energy) were in line with recent… Read More ›

A Big Drop in Energy Prices in February

The Bureau of Labor Statistics (BLS) recently released the Consumer Price Index (CPI) for February. The Consumer Price Index declined at a seasonally adjusted annual rate of 2.0%, after a 0.3% increase in January. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.4% in February, slightly down from 3.6% in… Read More ›

Slow Rise in Consumer Prices in July

The Bureau of Labor Statistics (BLS) reported consumer prices increased in July. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.6%, slower than 3.9% in June. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 1.6% in July. Energy prices were stabilized and rose at a… Read More ›

Consumer Prices Increased Broadly in June

The Bureau of Labor Statistics (BLS) reported consumer prices increased broadly in June. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 3.9%, slower than 5.5% in May. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in June. Large swings in energy prices account for… Read More ›

CPI Rises on Surging Gasoline Prices

The Bureau of Labor Statistics reported the Consumer Price Index for All Urban Consumers (CPI-U) jumped 0.6 percent on a month-to-month basis in August 2012. This ended a four-month streak in which the CPI-U was either unchanged or declined, plus it also marked the largest percentage change in overall consumer price levels since mid-2009. Energy prices accounted for the bulk… Read More ›

CPI Mostly Unchanged for Second Month in a Row

The Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) held steady in July. Overall, the CPI-U has remained either unchanged or declined in each of the last four months. Energy prices slipped 0.3% in July, putting more downward pressure on topline CPI.  The next couple of months of readings on overall CPI will… Read More ›

CPI Holds Steady in June

For the second time in three months, the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged from the prior month’s reading. Once again, energy prices weighed on topline CPI as the energy index fell for the third month in a row, contracting 1.4% from May 2012 and 3.9% versus June 2011. Gasoline prices fell throughout the month of… Read More ›

Sharp Decline in Energy Prices Pushes CPI Lower

Today’s release for the Consumer Price Index for All Urban Consumers (CPI-U) showed a 0.3% decline between April and May 2012. The energy index accounted for most of the drag on topline CPI last month, falling an additional 4.3% after a 1.7% drop in April. The latest decline represented the largest percentage contraction in the energy index since December 2008—a… Read More ›

Falling Energy Prices Weigh on CPI

The Bureau of Labor Statistics reported today that the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged between March and April 2012. Energy prices played a major role once again in shaping the CPI’s trajectory, but this month it put downward pressure on the overall CPI as the CPI for energy slumped 1.7 percent versus March. Gasoline accounted… Read More ›