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 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 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 ...
“Lagging components, like insurance on automobiles and homes and the cost of rent are now dominating the index, while the remaining components effectively suggest that you're looking somewhere around one and a half percent inflation rate, which is consistent with the more co...
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 ...
Components of shelter include pricing items like rent for apartments, rental equivalence, lodging away from home such as hotels and motels, and housing at schools. This index accounts for about one-third of the entire CPI. In other pricing categories: ...
Rent increases are also amongst the largest contributors to overall inflation in the United States within the past 12 months. Outlook for Rates This month’s CPI data contains no surprises, and the relatively tame reading in the core number on the back of the strong US dollar will likely ...