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"After recent red-hot data, today's softer-than-expected core CPI reading should help cool fears of a reacceleration in inflation," said Tina Adatia, head of fixed income client portfolio ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 3% over the prior year in January, an uptick from December's 2.9% annual gain in prices.
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
Labor productivity vs. compensation in the United States. Real wages are wages adjusted for inflation, or equivalently wages in terms of the amount of goods and services that can be bought. This term is used in contrast to nominal wages or unadjusted wages. Because it has been adjusted to account for changes in the prices of goods and services ...
Market rents have been trending lower and that is expected to show in the CPI data this year. Motor vehicle insurance increased 1.8% after surging 2.6% in March.
Economists surveyed by Bloomberg expected a jump to 2.9% On a monthly basis, costs rose 0.4% the most since March. A customer holds a can of cream of celery Campbell's Soup at a grocery store in ...