According to the Bureau of Labor Statistics CPI report released on January 11th, Annual Inflation was up to 3.4% in December from 3.1% in November. (but since we calculate it to two digits, it was actually 3.35%.) Monthly inflation was -0.04% in October, -0.20% in November, and -0.10% in December, But inflation is almost always low to negative in the fourth quarter of the year, so these numbers are not unusual. The BLS's Seasonally adjusted monthly rate for December was actually a positive 0.30% indicating that even though unadjusted was negative, it was not as negative as usual (making the adjusted numbers higher). The stock market was expecting another decline in inflation like … [Read more...]
June- First Annual Inflation for 2015
The Bureau of Labor Statistics (BLS) released their monthly Consumer Price Index (CPI-U) and Inflation report for the year ending in June on July 17th. This resulted in 0.12% Annual Inflation. The BLS rounded this to .1% which of course is so small that almost any one of the deflationary months last year would cancel out all the inflation we've seen over the previous 12 months. The CPI-U index a year ago was 238.343 and is currently an almost identical 238.638. January through May 2015 saw deflation on an annual basis although each month was inflationary in and of itself. But due to the massive deflation of the fourth quarter of 2014, all the monthly inflation was cancelled out. However, … [Read more...]