The Bureau of Labor Statistics reported Record High Annual Inflation Rate in December. Inflation Summary: Annual Inflation highest since June 1982. CPI Index rose from 277.948 to 278.802. Monthly Inflation for December was 0.31% The next release is on February 10th Annual Inflation for the 12 months ending in December was 7.04%. 2021 Inflation Rates Nov. 6.81% -- Oct. 6.22% -- Sept. 5.39% -- Aug. 5.25% -- July 5.37% -- June 5.39% -- January 1.40% Inflation in December 2020 was just 1.36%, but by December 2021, Inflation had multiplied over five times in a single year to 7.04%. As you can see from the chart below, current levels have exceeded the July 2008 peak of … [Read more...]
December Inflation Up Slightly
Inflation Summary: Annual Inflation up from 1.17% in November to 1.36% in December. CPI Index rose slightly from 260.229 in November to 260.474 in December. Monthly Inflation for December was 0.09%, November was -0.06%. Next release February 10th BLS Commissioner's Inflation Report: According to the BLS commissioner's report, "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in December on a seasonally adjusted basis after rising 0.2 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment. The seasonally adjusted increase in the all … [Read more...]
2018 Ends with More Disinflation
The U.S. Bureau of Labor Statistics (BLS) released their monthly Consumer Price Index report on January 11th 2019, for January 1 through December 31, 2018. Annual Inflation is Down Annual inflation in December was 1.91% down from November's 2.18%. December's CPI was 251.233 which was below November's 252.038, below October, September and even below the 251.588 in May. Monthly Inflation for December was -0.32% virtually identical to November's -0.33%. Next release February 13th Monthly Inflation: According to the BLS commissioner's report, "In December, the Consumer Price Index for All Urban Consumers fell 0.1 percent on a seasonally adjusted basis; rising 1.9 percent over … [Read more...]
