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Tag Archives: consumer prices

Consumer prices rise 1% in May alone; owners’ equivalent rent at 30 year high

Consumer prices rise 1% in May alone; owners’ equivalent rent at 30 year high; expect the Fed to keep stomping on the brakes Today is a travel day for me, so I’ll keep this relatively brief. People who were hoping inflation would abate did not get the news they wanted from the May CPI. Consumer prices rose 1.0% in that month alone. Inflation less energy rose 0.7%, and “core” inflation less food and energy rose 0.6%. On a YoY basis, prices are...

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Jump in January consumer prices

Jump in January consumer prices seals the deal on Fed interest rate hikes, New Deal democrat Consumer prices increased 0.6% in January, the third time in four months that it has come in over 0.5%. Energy increased 0.9%, which isn’t a horrible monthly rate, but YoY energy prices for consumers are up 27%, just below their YoY peaks in 1974, 1979, 2005, and 2008 – not coincidentally 3 out of 4 of which coincided with deep recessions: ...

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