Tag: consumer price index

CPI Report Shows U.S. Inflation Eased in November

Mary Pat Campbell

Link: https://www.wsj.com/articles/us-inflation-november-2022-consumer-price-index-11670883405

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The Labor Department on Tuesday said that its consumer-price index climbed 7.1% in November from a year ago, down sharply from 7.7% in October—building on a trend of moderating price increases since June’s 9.1% peak.

Core CPI, which excludes volatile energy and food prices, rose 6% in November from a year ago, easing from a 6.3% gain in October. September’s 6.6% increase was the biggest jump since August 1982.

Author(s): Gwynn Guilford

Publication Date: 13 Dec 2022

Publication Site: WSJ

U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike

Mary Pat Campbell

Link:https://www.thinkadvisor.com/2022/01/12/u-s-inflation-hits-39-year-high-of-7-sets-stage-for-fed-hike/

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Excerpt:

The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labor Department data released Wednesday. The widely followed inflation gauge rose 0.5% from November, exceeding forecasts.

Excluding the volatile food and energy components, so-called core prices accelerated from a month earlier, rising by a larger-than-forecast 0.6%. The measure jumped 5.5% from a year earlier, the biggest advance since 1991.

The increase in the CPI was led by higher prices for shelter and used vehicles. Food costs also contributed. Energy prices, which were a key driver of inflation through most of 2021, fell last month.

Author(s): Reade Pickert

Publication Date: 12 Jan 2022

Publication Site: Think Advisor