Ryan Lupka’s Post

Consumer prices rose more quickly in December, the latest sign that the Federal Reserve’s fight against inflation may have stalled. Prices continued to rise in some of the categories that matter most to consumers, including grocery and gas prices. https://nyti.ms/40xqNt6

US consumer prices increase as expected in July U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the Federal Reserve will cut interest rates next month. https://lnkd.in/egrAxbPu

The Consumer Prices Index rose 0.2% in July after edging down by 0.1% in June. This increase was consistent with expectations. More importantly, consumer prices have risen 2.9% over the past 12 months, down from 3.0% in June and the slowest year-over-year pace since March 2021.  At the same time, core consumer prices (which exclude food and energy) also increased by 0.2% in July, following the gain of 0.1% in June. Core inflation rose 3.2% year-over-year in July, down from 3.3%in June and the slowest pace since April 2021. Overall, these data show a U.S. economy that is making progress on consumer inflation, with continued moderation, albeit perhaps not as fast as desired. For its part, the Federal Open Market Committee is expected to reduce the federal funds rate at its September 17–18 meeting, with at least one more cut by the end of the year. (There are two more FOMC meetings in 2024, one on November 6 – 7 and another on December 17–18, although the first of those takes place the same week as the U.S. election.) As such, the Federal Reserve should start the process of normalizing interest rates in its pursuit of a “soft landing” in the economy. At the same time, rates remain elevated to ensure that inflationary pressures remain under control, even with likely easing. For the full National Restaurant Association post, see https://lnkd.in/eYPJcQw5.

Consumer prices have risen 16-22% since 2020M01

Consumer Prices are Down!!! US consumer prices did something in June that they haven’t done since the early part of the pandemic: They fell. Consumer prices dropped 0.1% on a monthly basis, helping to bring the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest Consumer Price Index report. Falling gas prices as well as a drop in new and used car prices helped to usher in the first month-on-month decline since May 2020, BLS data showed. On an annual basis, consumer prices are increasing at their slowest pace since June 2023, matching the lowest annual rate since early 2021. #consumerprices #inflation #bureauoflabor

Maybe some more summer softness in the markets, but in September? Are you staying positive like me? Ignore the negative news - especially from unreliable and biased sources. In May, U.S. wholesale prices dropped for the second time in three months, partly because of lower gas prices. A key measure of wholesale prices, excluding food and energy, remained unchanged for the first time in a year. The Federal Reserve sees this measure as a better indicator of future inflation. This decline comes after a recent report showed no rise in consumer prices for the first time in almost two years. These signs of easing inflation might lead the Fed to lower interest rates as soon as September.

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.

Inflation numbers for April have been released with the Consumer Price Index rising 2.7% for the month, down from the 2.9% gain in March. While gasoline prices rose at a faster pace in April (+6.1%), the remainder of the Index slowed to 2.5% compared to the 2.8% in March. The positive news for consumers was food prices which grew at a much slower pace of 1.4%, continuing the ongoing trend of greater deceleration in grocery prices.   #seaglasswealth #moneymonday #CPI #intheknow https://lnkd.in/g7VSzRTA

Consumer Prices are Down!!! US consumer prices did something in June that they haven’t done since the early part of the pandemic: They fell. Consumer prices dropped 0.1% on a monthly basis, helping to bring the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest Consumer Price Index report. Falling gas prices as well as a drop in new and used car prices helped to usher in the first month-on-month decline since May 2020, BLS data showed. On an annual basis, consumer prices are increasing at their slowest pace since June 2023, matching the lowest annual rate since early 2021. #consumerprices #inflation #bureauoflabor

Inflation numbers for April have been released with the Consumer Price Index rising 2.7% for the month, down from the 2.9% gain in March. While gasoline prices rose at a faster pace in April (+6.1%), the remainder of the Index slowed to 2.5% compared to the 2.8% in March. The positive news for consumers was food prices which grew at a much slower pace of 1.4%, continuing the ongoing trend of greater deceleration in grocery prices.   #seaglasswealth #moneymonday #CPI #intheknow https://lnkd.in/gw2-b4c4