Matt Egan’s Post

Inflation increases 3.4% in April as prices remain elevated The Consumer Price Index (CPI), which measures the price of everyday goods including gasoline, groceries, and rent, rose by 0.34% in April compared to the previous month.  #inflation #costofliving #regulations #energypolicy #entitlements #debtcrisis https://lnkd.in/dz7PGvGW

Inflation Rose 2.7% in US To be more specific, the Consumer Price Index – a key gauge of inflation – rose 2.7% last month relative to November 2023. The rise in inflation in November mostly impacted categories such as groceries, gas, and new cars. (CNBC)

Ask around and they will tell you that inflation is rising, but is it? It make sense to think this way when your grocery bill is way high then it use to be. Inflation has been one of the most discussed issues in recent years, but here's the truth: While inflation has been trending back to normal, prices remain stubbornly high. It's not inflation that's still the problem—it’s the price tags on everyday goods. Everything from groceries to housing costs more than ever, making it feel like we’re stuck in a cycle of rising expenses. The real solution isn’t just hoping for prices to fall, it’s about owning assets that can outpace inflation. Stocks, real estate, and other quality assets have been the best to fight against rising prices. If you want to stay ahead of the game, focus on getting these inflation-beating assets and hang on tight.

Inflation Update: Consumer prices rose by 2.9% over the past year, marking continued progress in easing the historic surge from 2022. Shelter and transportation services were the biggest contributors to the rise, with shelter prices alone accounting for nearly 90% of the monthly increase. The Fed’s 2% inflation target is still on the horizon, but we’re moving in the right direction.What does this mean for us? While inflation is cooling, many of us are still feeling the effects of higher prices. We’re seeing more people trade down to store brands and fast food as wallets tighten. Could this mean a rate cut in September? Time will tell.

NEED TO KNOW Inflation reaches lowest point since prices began surging Inflation in the U.S. reached its lowest point since prices began rising three years ago, but it was still higher than expected in some categories, showing that even as the economy recovers, it’s uneven. Inflation data: New Labor Department data showed prices rose 2.4% in September compared to last year, driven mainly by a drop in gas prices. It’s the lowest annual increase since February 2021 but still shy of the Federal Reserve’s 2% target. What it means: Consumers may continue to see higher prices when dining out and buying groceries — from produce to Halloween candy. Other areas where prices were stubbornly high included car insurance, health care and clothing. [Yahoo Finance]

Inflation increases 3.4% in April as prices remain elevated. Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans. The Labor Department said Wednesday that the consumer price index, a broad measure of how much everyday goods like gasoline, groceries and rent cost, rose 0.3% in April from the previous month. Economists expected to see a 0.4% monthly increase. Prices climbed 3.4% from the same time last year, down from the 3.5%... https://lnkd.in/du2ApRnn

What happened during April on the US market ? ... Here is a little breakdown : - The consumer price index rose 3.4% in April from a year earlier, a decrease from 3.5% in March, according to the Bureau of Labor Statistics. - Gasoline and housing prices put upward pressure on inflation, while prices for categories like groceries and new and used cars fell in April. - Consumer buying power rose over the past year as inflation moderated. https://lnkd.in/efKDUS8p

"There is reason to believe that when consumers expect prices to rise more quickly in the future, they are more likely to pull forward their spending, which may then contribute to higher inflation, according to the study." #inflation #consumers #pricing https://bit.ly/3DkHrmI

Despite a significant decline in inflation rates from the peak of 9.1% in 2022 to the current level of 3.2%, many consumers continue to feel the pinch of high prices.

Here’s the inflation breakdown for June 2024 — in one chart The consumer price index rose 3% in June 2024 from a year earlier, a decline from 3.3% in May, according to the Bureau of Labor Statistics. The inflation rate has declined significantly from a 9.1% pandemic-era peak in 2022. It is nearing the Federal Reserve’s target. Households have seen relief for staples like groceries and gasoline. Here's the inflation breakdown for June 2024 — in one chart https://lnkd.in/dMP2WERE