CPI

Economists surveyed by Dow Jones were expecting headline CPI to increase 8.7% on an annual basis and 0.2% monthly. Year-over-year change in the consumer price ...

The energy index rose 32.9% from a year ago. Recent commentary from policymakers has pointed toward a third consecutive 0.75 percentage point interest rate hike at the September meeting. But gasoline was still up 44% from a year ago and fuel oil increased 75.6% on an annual basis, despite an 11% decline in July. While inflation has been accelerating, gross domestic product declined for the first two quarters of 2022. The central bank has hiked benchmark borrowing rates by 2.25 percentage points so far in 2022, and officials have provided strong indications that more increases are coming. "They've been saying they're ready to deliver a 75 basis point hike if they have to. I don't think they have to anymore." Butter is up 26.4% over the past year, eggs have surged 38% and coffee is up more than 20%. The report was good news for workers, who saw a 0.5% monthly increase in real wages. Despite the monthly drop in the energy index, electricity prices rose 1.6% and were up 15.2% from a year ago. - The report was good news for workers, who saw a 0.5% monthly increase in real wages. Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices.

Stock futures soared with Treasuries after investors finally got a report that brought signs of a peak in runaway inflation.

The consumer-price index is arguably the most closely watched inflation indicator in the U.S. It measures the change in prices of a basket of goods and ...

After months of worrying inflation data, today's CPI report offered some good news. However, it may not be enough for the Fed to alter likely plans to raise ...

That may give the Fed comfort that recessionary fears may be overstated as they try to tame inflation and keep the job market strong. It seems likely that have passed peak inflation in the U.S. at this point. Today’s inflation data was encouraging as energy prices are starting to ease. The Fed is scheduled to set interest rates again next month on September 21. Also, food prices really matter to the economy. On that basis without energy costs included, prices rose 0.4% for the month or a 4.9% annualized rate.