“The ETI rose again in November, marking consecutive monthly gains for the first time in 2024. The increases in October and November add up to the largest two-month increase in the ETI since the torrid period of job gains in 2022 coming out of the pandemic...
The May 2024 Consumer Price Index of All Urban Consumers (CPI-U) report indicates that inflation was flat for the month, coming in below April’s increase (+0.3%). These data were released at 8:30 am EST on Wednesday, June 12, 2024, by the Bureau of Labor Statistics. Before seasonal ...
The April 2024 Consumer Price Index of All Urban Consumers (CPI-U) report indicates that inflation rose by 0.3% for the month, a notch belowMarch’sincrease (+0.4%). These data were released at 8:30 am EST on Wednesday, May 15, 2024, by the Bureau of Labor Statistics....
CPI Increase = Current Year CPI Base Year CPICPI Increase = 18,900 / 16,000 = 1.1813 = 118.13%To calculate the new CPI number, the CPI base of 100 is multiplied by the CPI increase:New CPI Number = 100 × 1.1813 = 118.13The inflation rate can be calculated thus:...
So then, why not target 0 or 1% CPI? The official explanation by Central Bank officials is that this can increase the chances of deflation in the economy. The problem being that it is difficult to enforce the negative interest rate policy. So what do they mean by this?
Shelter or housing costs rose 0.5% for a second straight month, and they advanced 5% from a year earlier for their biggest 12-month increase since May 1991. Components of shelter include pricing items like rent for apartments, rental equivalence, lodging away from home such as hotels ...
the Labor Department's said on Tuesday. In the 12 months through January, the CPI increased 3.1%. That followed a 3.4% advance in December. Economists polled by Reuters had forecast the CPI gaining 0.2% on the month and rising 2.9% year-on-year. The annual increase ...
CPIs are useful for real estate investors, particularly those who own and run rental properties. Higher CPIs may mean that rent needs to increase to keep apace with inflation; a stagnant rental rate will allow the landlord to buy less of the “market basket”[8] as the CPI increases year ...
In the headline monthly figure,U.S. consumer prices increased 0.5% in January, after a revised December increase of 0.1% from a decline of 0.1%, the Labor Department said inits monthly report on the Consumer Price Index (CPI). The CPI is a broad measure of what Americans pay for every...
Core inflation, which excludes food and energy, increased 0.2% in October, following a 0.2% increase in September. For the year ending in October, core inflation was 1.9%. Outside of the volatile energy index, which was down over 17% for the 12-months ending in October, consumer prices ...