Inflation Tracker
NAA Inflation Tracker: March 2023
March, 2023 | Updated March, 2023
CPI, Latest Release, February 2023
There were no surprises in this month’s CPI release as all measures of inflation came in largely as expected. The headline rate was up 6.0% year-over-year, seasonally adjusted, while the core rate (excluding food and energy) increased 5.5%. The headline number…
NAA Inflation Tracker: February 2023
February, 2023 | Updated February, 2023
CPI, Latest Release, January 2023 Inflation continued its path in the right direction in January, rising 6.3% year-over-year on a seasonally adjusted basis, slightly higher than consensus forecasts. This was the seventh consecutive month of deceleration. On a monthly basis, prices rose 0.5% after…
NAA Inflation Tracker: January 2023
January, 2023 | Updated January, 2023
CPI, Latest Release, December 2022
There were no surprises in this month’s CPI report, with most measures matching analysts' expectations. Headline CPI increased 6.4% year-over-year (seasonally adjusted) while price increases excluding food and energy decelerated to 5.7%. Both measures came in…
NAA Inflation Tracker: December 2022
December, 2022 | Updated December, 2022
CPI, Latest Release, November 2022
Once again, inflation came in lower than consensus forecasts, measuring 7.1% year-over-year and just 0.1% over the month. Core inflation, excluding food and energy, was up 6.0% and 0.2%, its lowest increase since August 2021. In addition to gasoline (down 3.5%),…
November 2022 Inflation Tracker
November, 2022 | Updated November, 2022
CPI, Latest Release, October 2022
Inflation came in lower than expected, rising 7.8% year-over-year, seasonally adjusted. This was the lowest rate of increase since January. On a monthly basis, prices rose 0.4%, matching September’s level. Consumers saw some relief on the food front, with prices…
NAA Inflation Tracker: October 2022
October, 2022 | Updated October, 2022
CPI, Latest Release, September 2022
Once again, the latest inflation figures were greater than consensus forecasts, with headline CPI increasing 8.2% year-over-year on a seasonally adjusted basis. Core CPI, which excludes volatile food & energy prices and signals underlying, longer-term…
NAA Inflation Tracker: September 2022
September, 2022 | Updated September, 2022
CPI, Latest Release, August 2022
Inflation ran higher than the consensus forecast, which called for a slight monthly decline in headline CPI and a 0.3% increase in core CPI. Instead, headline CPI rose 0.1%, despite the continued decline of gas prices; core CPI rose 0.6%, double last month’s…
NAA Inflation Tracker: August 2022
August, 2022 | Updated August, 2022
CPI, Latest Release, July 2022
Inflation surprised in a pleasant way, rising 8.5% year-over-year, below consensus forecasts. Prices were flat on a monthly basis, the best reading since May 2020 when they were actually dropping. The breather in price hikes was due to energy prices, which fell 4.…
NAA Inflation Tracker: July 2022
July, 2022 | Updated July, 2022
CPI, Latest Release, June 2022
Once again, the headline inflation number beat analysts’ expectations, rising 9.1% year-over-year (unadjusted) and 1.3% over the month. Energy prices, up 7.5% since last month, were responsible for nearly half of the increase. Core inflation (excluding food and…
NAA Inflation Tracker: June 2022
June, 2022 | Updated July, 2022
CPI, Latest Release, May 2022
By all measures – headline, core, monthly and annually – the May Consumer Price Index (CPI) came in hotter than expected. Headline CPI increased 8.5% (seasonally adjusted) year-over-year and 1.0% since last month. Not surprising, the energy index was up 34.6% year-…