According to the Bureau of Labor Statistics CPI report released on November 14th, Annual Inflation was down to 3.2% in October. (but since we calculate it to two digits, it was actually down to 3.24%.) Monthly inflation was 0.44% in August, 0.25% in September, and -0.04% in October. So it certainly looks like inflation is falling. The stock market took this as a "positive surprise" and went on to rally. We had been projecting this decrease due to numerical anomalies for several months. Typically the 4th quarter has low or negative monthly numbers but October 2022 was very high thus the "surprise" as the new numbers were normal (i.e. much lower). Unfortunately, December holds the … [Read more...]
August 2023 Inflation Up Sharply
According to the Bureau of Labor Statistics CPI report released on September 13th, Annual Inflation increased from 3.2% in July to 3.7% in August. (but more precisely, it was from 3.18% to 3.67%.) Monthly inflation went from 0.19% in July to 0.44% in August. August 2023 Inflation Summary: Annual Inflation rose from 3.18% to 3.67% CPI Index rose from 305.691 to 307.026 Monthly Inflation for August was 0.44%, July was 0.19% and June was 0.32%. Next release October … [Read more...]
July Annual Inflation- Up Slightly
According to the Bureau of Labor Statistics CPI report released on August 10th, Annual Inflation increased from 3% in June to 3.2% in July. (but more precisely, it was from 2.97% to 3.18%.) Monthly inflation was 0.25% for May 2023, 0.32% in June, and 0.19% in July. July 2023 Inflation Summary: Annual Inflation rose from 2.97% to 3.18% CPI Index rose from 305.109 to 305.691 Monthly Inflation for July was 0.19%, down from 0.32% in June Next release is September … [Read more...]
June 2023- Inflation Falls to 3%
According to the Bureau of Labor Statistics CPI report released on June 13th, Annual Inflation declined from 4.0% in May to 3% in June. (but more precisely, it was from 4.05% to 2.97%.) Monthly inflation was 0.25% for May 2023, and 0.32% in June. June 2023 Inflation Summary: Annual Inflation fell from 4.05% to 2.97% CPI Index rose from 304.127 to 305.109 Monthly Inflation for June was 0.32% Next release August 10th 2023 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec 2022 7.48% 7.87% 8.54% 8.26% 8.58% 9.06% 8.52% 8.26% 8.20% 7.75% 7.11% 6.45% 2023 6.41% 6.04% 4.98% 4.93% 4.05% 2.97% What … [Read more...]
Annual Inflation Virtually Unchanged in April
According to the Bureau of Labor Statistics CPI report released on May 10th, Annual Inflation declined by 0.1%... but according to our calculations, it was even less than that. The BLS reported a decline from 5% to 4.9%, but when carried to two decimals, it was virtually a rounding error difference. Monthly inflation was 0.51% for April 2023, compared to 0.56% in April 2022. April 2023 Inflation Summary: Annual Inflation fell from 4.98% to 4.93% CPI Index rose from 301.836 to 303.363 Monthly Inflation for April was 0.51% Next release June … [Read more...]
September 2022 Inflation Virtually Unchanged
The Bureau of Labor Statistics reported that for September 2022, Annual Inflation fell from 8.26% to 8.20% Inflation Summary: Annual Inflation fell from 8.26% to 8.20% CPI Index rose from 296.171 to 296.808 Monthly Inflation for September was 0.22% Seasonally Adjusted Monthly Inflation was 0.4% Next release November 10th September Annual Inflation was 8.20%. Jan. 2021 -- 1.40% | Jan. 2022 -- 7.48% | Feb. 2022 -- 7.87% | March 8.54% | Apr. 2022 --8.26% May 2022 -- 8.58% | June 2022 -- 9.06% | July 2022 -- 8.56%% | August 2022 -- 8.26% | September -- 8.20% BLS Inflation Report: The BLS Commissioner reported, "The Consumer Price Index for All Urban Consumers (CPI-U) … [Read more...]
April Inflation Down, But…
The Bureau of Labor Statistics reported that in April 2022, Inflation fell to 8.3% Inflation Summary: Annual Inflation Declined from 8.54% in March to 8.26% in April CPI Index rose from 287.504 to 289.109 Monthly Inflation for April was 0.56%, down from 1.34% in March The next release is on June 10th April 2022 Annual Inflation was 8.26%. Jan. 2021 -- 1.40% ** Jan. 2022 -- 7.48% ** Feb. 2022 -- 7.87% ** March 8.54% Gasoline prices were artificially lower due to a massive release from the Strategic Petroleum Reserves (SPR), which temporarily pushed inflation down in April. The International Energy Agency was not happy that the Biden administration didn't warn them that it … [Read more...]
Millennials Have Never Seen Inflation This High
The Bureau of Labor Statistics reported that the Annual Inflation Rate rose again in November. Inflation Summary: Annual Inflation highest since May 1982. CPI Index rose from 276.589 to 277.948. Monthly Inflation for November was 0.49% Next release January 12, 2022 Inflation for the 12 months ending in November was Up again from October. October 6.22% -- November 6.81% The earliest millennials were born somewhere between 1980-1985 (depending on which definition of millennial you use), just as we were coming off one of the highest Inflation spikes the U.S. has seen since they began tracking the CPI in 1913. In March of 1980, Inflation topped at 14.76%. By May of 1982, … [Read more...]
September Inflation Rebounds
The Annual Inflation Rate rebounded in September, according to the Bureau of Labor Statistics report. Inflation Summary: Annual inflation was 5.39% in September, 5.25% in August, 5.37% in July, and 5.39% in June. CPI Index rose from 273.567 in August to 274.310 in September. Monthly Inflation for September was 0.27%, August was 0.21%, and July was 0.48%. Next release November 10th Inflation for the 12 months ending in September was Up from August. Since the BLS rounds to 1 decimal place, they reported June and July as 5.4% and August as 5.3%. So September is once again at June levels. The last time inflation was this high was the 5.60% of July 2008. Before that, we … [Read more...]
August 2021 Inflation Down Slightly
On September 14th, 2021, the Bureau of Labor Statistics said that in August 2021, the Annual Inflation Rate was down. Inflation Summary: Annual Inflation was 5.25% in August, 5.37% in July, and 5.39% in June. CPI Index rose from 273.003 in July to 273.567 in August. Monthly Inflation for July was 0.48% and 0.21% for August. Next release October 13th Inflation for the 12 months ending in August was down 0.12% from July. Since the BLS rounds to 1 decimal place, they reported June and July as 5.4% and August as 5.3%. The last time inflation was this high was the 5.6% of July 2008. Prior to that, we have to go all the way back to the 6.29% of October 1990 to find a higher … [Read more...]
