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.…
Inflation Tracker
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-…
NAA Inflation Tracker: May 2022
May, 2022 | Updated July, 2022
CPI, Latest Release, April 2022
After 7 months of smashing records, the headline Consumer Price Index (CPI) retreated slightly to 8.2% year-over-year (8.3% unadjusted). This was somewhat hotter than analysts’ expectations of 8.1%. Although it’s only one month of data, it is a good sign that…
NAA Inflation Tracker: April 2022
April, 2022 | Updated July, 2022
CPI, Latest Release, March 2022
Once again, the Consumer Price Index (CPI) and core CPI (excluding food and energy) reached 40-year highs, increasing 8.5% and 6.5%, respectively, prior to seasonal adjustment. The headline number came in just a hair above analysts’ expectations of 8.4%. On a monthly…
NAA Inflation Tracker: March 2022
March, 2022 | Updated July, 2022
CPI, Latest Release, February 2022
The Consumer Price Index (CPI) increased 7.9% year-over-year while core CPI (excluding food and energy) increased 6.4%, both new 40-year highs. On a monthly basis, food prices increased 1.0%, the highest gain since the onset of the pandemic in April 2020. After…
NAA Inflation Tracker: February 2022
February, 2022 | Updated July, 2022
CPI, Latest Release, January 2022
The Consumer Price Index (CPI) increased 7.5% year-over-year while core CPI increased 6.0%. Once again, we must go back to 1982 to find similar figures. Energy prices increased 27% while food prices were up 7.5%. Looking at monthly changes by category can reveal…
NAA Inflation Tracker: January 2022
January, 2022 | Updated July, 2022
CPI, Latest Release, December 2021
The Consumer Price Index (CPI) skyrocketed once again, increasing 7.1% on a year-over-year basis and 0.5% over the month. The largest increases since November were used cars and trucks, airline fares, apparel, and new vehicles, all up more than 1.0%. Energy prices…
NAA Inflation Tracker: December 2021
December, 2021 | Updated July, 2022
CPI, Latest Release, November 2021
The Consumer Price Index (CPI) rose 6.9% on a year-over-year basis, while prices excluding food and energy (core CPI) rose 5.0%, both measures at decades’ highs. Energy prices skyrocketed 33.3% year-over-year while food prices were up 6.1%. The only components of…
NAA Inflation Tracker: November 2021
November, 2021 | Updated July, 2022
CPI, Latest Release, September 2021
The Consumer Price Index (CPI) rose 6.2% on a year-over-year basis, while prices excluding food and energy (core CPI) rose 4.6%, well above consensus forecasts. Energy prices have soared 30% over the past year while food prices were up 5.3%. For core CPI, used…