Prices in September increased 3.7% from last year. Has the energy price dumpster fire spread to the rest of the economy?
The rise in oil prices and other commodities is helping to drive inflation up, with price increases outpacing wage gains.
A look at promising inflation data, new tariffs, and the rest of the week’s economic news for the Weekly Wrap.
The surprisingly strong CPI numbers mean the Fed is likely to hold interest rates steady at its next meeting in July.
With the CPI at 4.2% in May, some economists think inflation is near its peak. But structural pressures could keep prices elevated longer.
What happens with the producer price index often impacts the consumer price index.
The correlation between producer prices and consumer prices is not perfect, but what wholesalers pay has downstream effects.
Just how many “transitory” inflation events does it take before inflation becomes persistent?
Until ships start moving through the Strait of Hormuz, prices for oil and a range of related goods will likely keep rising. The question is, how long will it take them to come down again?
Headline inflation was at its lowest in five years, but a global oil price shock has made the reading a bit stale.
