Pork prices led the rise, and Guotai Junan researchers believe that the meat price rose to a high level near June, which is similar to that of CPI and PPI, further confirming the trend of high and low inflation before the whole year. Guotai Junan predicted that CPI rose by 5.3% in May...
Retail sales data also showed spending was flat in April, suggesting consumers are pulling back after a years-long shopping spree. Markets, on edge afterthree consecutive monthsof disappointing CPI reports and yesterday'ssurprising wholesale inflation numbers, breathed a sigh of relief after the econo...
The consumer price index (CPI), the popular gauge of inflation, was unchanged over the past month and is up 3.3 percent annually. The CPI was expected to rise 0.1 percent in May and 3.4 percent over the past year, according to consensus estimates. The new inflation data comes hours before...
Inflation dropped more than expected in May to 4% from the previous year, according to the Consumer Price Index (CPI)released by the Bureau of Labor Statistics(BLS). But economists explained this may not be enough to stop the Federal Reserve from once again raising interest rates. In May, ...
Chinese stocks edged up after the release of the data. The benchmark Shanghai Composite Index rose 0.26 percent to close at 3,158.40 points. Deng Haiqing, chief economist with JZ Securities, said mild CPI growth would give policy makers more room to contain debt and financial risk. ...
On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared with respective estimates of 0.7% and 0.5%. Surging shelter, gasoline and food prices all contributed to the increase. Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within th...
will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, towards the end of May, we will once again review the Personal Consumption Expenditures (PCE) index. These data points are crucial for understanding the economic ...
"The May CPI and PPI data are favorable for our view that the Fed will be reducing its policy rate later this year," Bank of America economist Stephen Juneau said in a note. "We see recent inflation data as greatly reducing the likelihood that the Fed has to raise rates and view labor...
New monthly inflation data was reported last week, with the eagerly awaited April Consumer Price Index (CPI)coming in at 3.4%. That's down from March's 3.5% level but represents only a minor change. As a result, Fed officials are expected to remainwatching and waitingfor additio...
will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, towards the end of May, we will once again review the Personal Consumption Expenditures (PCE) index. These data points are crucial for understanding the economic ...