The Consumer Price Index increased 0.3% for June, as gasoline increased by 3.4%. Eggs are the new gold as prices had a one month spike not seen since 1973. Energy overall was up 1.7%. Inflation without food or energy prices considered increased 0.2% for the month on soaring shelter costs. From a year ago overall inflation has increased 0.1%.
The May personal income and outlays report shows a massive increase of 0.9% in consumer spending, which is great news for economic growth. Adjusted for inflation consumer spending rose 0.6%. Personal income also increased 0.5% Real disposable income increased 0.2% for the month.
The Consumer Price Index increased 0.4% for May, as gasoline increases by 10.4%. Energy overall was up 4.3%. Inflation without food or energy prices considered increased 0.1% for the month and was the smallest increase since last December. Believe it or not, from a year ago overall inflation is unchanged.
The Consumer Price Index increased 0.2% for March, the same rate as February, as overall energy costs continued to rise. Gasoline prices alone increased 3.9%. Inflation without food or energy prices considered increased 0.2% for the month. From a year ago overall inflation declined -0.1% and this is due to the previous plunge in gasoline prices.
The February personal income and outlays report shows a -0.1% change in real consumer spending, which is not good news for economic growth. Not adjusted for inflation consumer spending rose a scant 0.1%. Real personal income isn't any better with no change for the month.
The Consumer Price Index increased 0.2% for February as gasoline prices rose. It looks like the party is over for cheap gas and once again inflation is back on the rise. Gasoline prices increased 2.4%. Inflation without food or energy prices considered increased 0.2% for the month.
The Consumer Price Indexdropped -07% for January, the largest monthly drop since December 2008 and the steepest monthly decline in a series of seven. Gasoline prices plummeted -18.7%, the steepest since December 2008. The drop in gas overwhelmed the Consumer Price Index and was the cause of the overall drop.
The monthly Consumer Price Indexdropped -04% for December, the largest monthly drop since 2008 Once again it's all about falling oil prices. Gasoline prices declined the steepest since December 2008. Inflation with gas and food removed flat-lined and had no change from last month. CPI measures inflation, or price increases.
The monthly Consumer Price Indexdropped -0.3% for November. That's some serious deflation but not to worry, it's all about falling oil prices. Gasoline prices declined the steepest since December 2008. Inflation with gas and food removed increased a very tame 0.1%. CPI measures inflation, or price increases.
The BLS Productivity & Costs report for Q3 2014 shows labor productivity increased 2.0% annualized. Output increased 4.4% and hours worked increased 2.3%. Unit Labor costs increased only 0.3% in Q3 2014. The reason labor productivity rose was because economic output grew more than worker hours. Overall labor is still getting squeezed for more efficiency and wages are still repressed.
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