𝗝𝘂𝗻𝗲 𝗖𝗣𝗜 𝗱𝗼𝘄𝗻 𝗳𝗿𝗼𝗺 𝗠𝗮𝘆 • CPI rose 2.7% year-over-year in June, down from 2.9% in May, mainly due to slower gasoline price growth. • Grocery prices increased by 2.1% in June, up from 1.5% in May, marking the second consecutive month of accelerated growth. • Household operations, furnishings, and equipment prices dropped by 0.9%, clothing and footwear by 3.1%, while health and personal care prices grew by 3.0%. Read more in the StatCan analysis: https://hubs.ly/Q02GMh8K0 View the inflation components graph: https://hubs.ly/Q02GN03X0
Retail Council of Canada’s Post
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USA CPI for December 2023 prints at 3.4% YOY Lower gasoline and diesel prices had more of an impact than expected, while the sharp fall in global gas prices had less of an impact. The usual seasonal December weakness in Clothing & Footwear was also less pronounced this year. The table Below indicates the USA CPI breakdown expected by December 2024. Inflation is expected to reach 2.5% YOY. It also shows a very gradual glide path lower for total CPI over the course of the year, indicating that the psychological 2% is likely to remain out of reach in 2024. #usacpi #financialeducation #econimicupdate #investsensibly
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December witnessed a persistent inflation trend with a 0.1% rise from November, hitting 4%. It marks the first inflation increase since February 2023. Despite the challenging landscape, there's a 6.5% reduction year-on-year to December 2023. Notably, alcohol and tobacco prices rose by 12.9%, driven by tax hikes announced in the Autumn Statement. The recreation and culture sector, along with clothing and footwear, also experienced price upticks. Cigarettes and alcohol were our undoing, up 12.9% in a year. The price rise owes an awful lot to the rise in tobacco duty, which meant tobacco prices were up 16%. #Inflation #EconomicUpdate
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CPI: May 2024 The CPI clocked at 11.8% on YoY basis in May 2024, compared to 38.0% in SPLY. On a month-on-month basis decreased to -3.2%% in May 2024 compared to a decrease of 0.4% in the previous month. Over the year major price increases were observed in Healthcare (19.4%), Clothing and Footwear (18.0%) and Utilities (33.0%). Whereas over the month major price decreases were observed in Food (-7.8%), Fuels (-1.3%) and Transport (-1.6%). #PSX #KSE100 #CPI #FuelPrice #Inflation
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India's CPI has eased to 4.75% in May'24 compared to 4.83%.‘Spices’ has shown a considerable decline in year-on-year(YOY) inflation as compared to April 2024. Among the groups, inflation corresponding to ‘Clothing & Footwear’, ‘Housing’ and ‘Miscellaneous’ has decreased since last month. Vegetables and pulses & products remains elevated at 27.33% and 17.14% respectively. This time 4:2 ratio from previous 5:1 ratio ignites certain optimism about a possible future dovish outlook from RBI regarding rate and/or stance softening if such CPI trend continues [Link:https://lnkd.in/gPaWcRKf]
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🎉 New Release - June Quarter 2023 Headline CPI The headline CPI showed an increase of 1.7 percent from the March quarter of 2023 to the June quarter of 2023. The headline CPI also showed an increase of 1.4 percent from the June quarter of 2022 to the June quarter of 2023. Major contributors to the change in June Quarter 2023 The major contributors to the increase in the June Quarter of 2023 are Alcoholic Beverages, Tobacco and Betel-Nut Group, Food, and Non-Alcoholic Beverages Group and Clothing and Footwear Group, Health Group, Restaurants and Hotels Group and Household Equipment Group. See more here: https://lnkd.in/eyYcH28y
🎉 New Release - June Quarter 2023 Headline CPI The headline CPI showed an increase of 1.7 percent from March quarter 2023 to June quarter 2023. The headline CPI also showed an increase of 1.4 percent from June quarter 2022 to June quarter 2023. Major contributors to the change in June Quarter 2023 The major contributors to the increase in June Quarter 2023 are Alcoholic Beverages, Tobacco and Betel-Nut Group, Food and Non-Alcoholic Beverages Group and Clothing and Footwear Group, Health Group, Restaurants and Hotels Group and Household Equipment Group. See more here: https://lnkd.in/eyYcH28y #CPI #pngstats #economy #pricestatistics
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🎉 New Release - June Quarter 2023 Headline CPI The headline CPI showed an increase of 1.7 percent from March quarter 2023 to June quarter 2023. The headline CPI also showed an increase of 1.4 percent from June quarter 2022 to June quarter 2023. Major contributors to the change in June Quarter 2023 The major contributors to the increase in June Quarter 2023 are Alcoholic Beverages, Tobacco and Betel-Nut Group, Food and Non-Alcoholic Beverages Group and Clothing and Footwear Group, Health Group, Restaurants and Hotels Group and Household Equipment Group. See more here: https://lnkd.in/eyYcH28y #CPI #pngstats #economy #pricestatistics
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October 27th, 2023 "The personal income and spending report continues to be really just all about the accompanying personal consumption expenditure price deflator; an admitted favorite price gauge of policymakers from the Federal Reserve. And given trends in consumer prices are all the rage these days, it behooves us to take a much deeper look at the underlying trends as well as any significant developments associated with this morning’s report specifically. It is with that in mind that we turn our attention once again to apparel prices. While the overall PCE price deflator reported a modest increase of 0.4 percent overall for the month of September (0.3 percent at the core level; that is prices excluding the more volatile yet inelastic food and energy components) to us it is the monthly behavior in apparel prices that hold the most insight into the future direction of consumer prices. More specifically, apparel prices dropped 0.6 percent in September, its largest one month drop since February of 2021. More than just the sheer breadth of the drop, the weakness in apparel prices comes right at a moment where the monthly change was funneling up since even before the pandemic. The monthly change in apparel prices had been recording lower highs and higher lows for the better part of the last 6 years despite a general increase in the level of inventories. However, it would appear that this month was the proverbial straw that broke the price indexes’ back as this month’s drop serves as our best indication yet that product slack is the biggest issue facing the economy right now and that the price volatility that pushed levels higher is now ready to push them lower."
The Apparel Straw That Break's The PCE Deflator's Back
paulallenwinghart.substack.com
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As a follow-up to my post yesterday about personal consumption expenditures, the Bureau of Economic Analysis announced today that the Personal Consumption Expenditures Price Index (or PCE for short) rose 2.7 percent in March, up from 2.5 percent recorded in February and January, and 2.6 percent in December 2023. As the media often reports, the Federal Reserve likes to use the PCE index to assess inflation rates in the U.S. economy. For sure, it's a useful measure when analyzed along with the Consumer Price Index (CPI). Wonkiness aside, what does a higher PCE mean for clothing sales and, in turn, sales of textiles? Inflated prices will eventually affect sales. There is a causal effect. However, clothing sales have gained some steam in recent months. We're in a waiting game to see how this plays out. Stay tuned. #apparel #retail #textiles #clothing #demand #markets #inflation #outlook
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4.8%: Retail inflation hits 11-month low Full Article Link >>> https://lnkd.in/gGmtEyxc NEW DELHI: Retail inflation dipped to an 11-month low in April, led by deflation in fuel and light segment and softening pressures on clothing and footwear, pan, tobacco and intoxicants segments, but food and beverages inflation remained stubborn. Experts said continued uncertainty over food inflation dims the prospects of interest rate cuts for now. Data […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
4.8%: Retail inflation hits 11-month low
latestind.com
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In February, the US CPI-U rose 0.4 per cent, marking a YoY increase of 3.2 per cent. The energy sector saw a rise of 2.3 per cent. Excluding food and energy, the index still increased 0.4 per cent, with the apparel sector up 0.6 per cent. The all items index accelerated slightly from January's 3.1 per cent to a 3.2 per cent rise over the last 12 months. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/gSZg9RNk
US' CPI-U increases marginally in February 2024
fibre2fashion.com
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