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Uptick in gas prices could threaten consumers' confidence

Aug 10, 2023
Inflation at the pump is in the pipeline for August. It would likely show up right before the Fed’s September interest rate meeting.
The recent uptick in gas prices can largely be attributed to intense heat in oil refining areas.
Brandon Bell/Getty Images

Is shelter inflation data the most timely measure of housing costs?

Aug 10, 2023
As some CPI data lags, economists consider new rental data to better understand where housing costs are now.
While shelter inflation is still at 7.7% year-on-year, economists are incorporating new, more timely data into their forecasts that shows a cooling of housing prices.
Spencer Platt/Getty Images

Why year-over-year inflation changes aren’t a great indicator of today’s inflation

Aug 9, 2023
Year-over-year inflation figures grab a lot of attention when the Labor Department reports its monthly consumer price index. But those 12-month figures can gloss over the recent slowdown in inflation.
While year-over-year inflation can be helpful to filter out temporary changes that happen month-to-month, it can gloss over the recent slowdown in inflation.
Fredric J. Brown/AFP via Getty Images

Why have car repairs gotten so expensive?

Aug 7, 2023
The cost of car maintenance and repair is rising much faster than inflation.
Aside from the rising price of spare parts, repair costs have gotten more expensive because newer cars are more complicated to fix. 
Jon Cherry/Getty Images

Inflation remains high in most of world as it cools in the U.S.

Jul 17, 2023
The U.S. is finally seeing inflation cool down, but other countries, especially in Europe, are still seeing prices spike.
Inflation in the U.S. is back down to 3%.
Robert Nickelsberg/Getty Images

Consumer price data suggests the Federal Reserve has inflation under control. Now comes the hard part.

Jul 12, 2023
The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank's 2% target.
Good June CPI numbers likely won't stop the Fed from more interest rate hikes, said Joe Brusuelas at RSM.
Win McNamee/Getty Images

Why are used car prices still so high?

Jun 13, 2023
The microchip shortage of recent years put the brakes on the production of new cars. That's making for a low supply of used cars now.
While used car prices are down from their pandemic peak, they're still about 40% higher than before COVID, according to government data.
Mario Tama/Getty Images

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We're in the stubborn phase of inflation cooling

Jun 13, 2023
The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.
There’s still a ways to go before the Federal Reserve reaches its target of 2% inflation.
Michael M. Santiago/Getty Images

CPI, PPI — what do the indexes really tell us about inflation?

May 11, 2023
Economists say the more measures, the better their predictions — even if they provide slightly different pictures of the economy.
The produce price index, which measures costs that businesses pay, tends to be more volatile than the consumer price index.
Chip Somodevilla/Getty Images

Inflation for services remains stubbornly high

May 10, 2023
Here's how higher wages, housing shortages and income level can play a role in how much you pay for things like exterminators and car repairs.
Motor vehicle repair prices, which were up 20% in April from last year, can be particularly burdensome for lower-income households.
Jon Cherry/Getty Images

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