Tag Archives: CPI report

Previewing CPI No economic news today. Tomorrow the August CPI will be reported. Recall that in July there was no inflation whatsoever. In August last year prices increased 0.3%, so any number lower than that will lower YoY CPI from its July level of 8.5% (June’s 9.0% YoY inflation having been the peak). The big bugaboos for consumer inflation have been housing, vehicles, and gas. So let’s take a look at each. Yesterday, for the first time,...

 by New Deal democrat Why Yesterday’s CPI report was so important As promised, here is a link to my article, Why Yesterday’s CPI Report was such a Big Deal, over at Seeking Alpha. I go into a great deal of detail parsing the report, particularly with regard to how the huge increase in house prices as has been recorded by both the Case Shiller and FHFA house price indexes, is now bleeding over into “owner’s equivalent rent,” the CPI’s...