Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3.4% on a yearly basis in April from 3.5% in March, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in line with the market expectation of 3.4%.
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 3.5% on a yearly basis in March from 3.2% in February, the US Bureau of Labor Statistics (BLS) reported on Wednesday.
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 3.2% on a yearly basis in February from 3.1% in January, the US Bureau of Labor Statistics (BLS) reported on Tuesday.
Rosy glasses are insufficient – all the figures in January's inflation report beat estimates. While the headline CPI is down from 3.4% to 3.1%, economists expected 2.9%.
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), softened to 3.1% on a yearly basis in January, the US Bureau of Labor Statistics (BLS) reported on Tuesday.
The US reported an increase of 0.3% in the Core Consumer Price Index (Core CPI) as expected. But, that is an annualized rate of 3.6%. In addition, Core CPI YoY came out at 3.9%, above the 3.8% expected, while headline CPI came out at 0.3% MoM and 3.4% YoY, both above expectations.
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 3.4% on a yearly basis in December, the US Bureau of Labor Statistics (BLS) reported on Thursday.
The Consumer Price Index released by the US Bureau of Labor Statistcs is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).
The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.
