Inflation Tracker
NAA Inflation Tracker: June 2023
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CPI, Latest Release, May 2023
Both headline and core CPI met analysts’ expectations, with the headline number up 4.1% year-over-year on a seasonally adjusted basis, its lowest level in more than two years. Core CPI remained much higher than the Fed would like at 5.3% but is still…
NAA Inflation Tracker: May 2023
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CPI, Latest Release, April 2023
Inflation rose 5.0% year-over-year on a seasonally adjusted basis, in line with concession expectations and matching last month’s rate. Core CPI (excluding food and energy) has settled in the 5.5%-5.6% range for four months. Monthly trends don’t reveal…
NAA Inflation Tracker: April 2023
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CPI, Latest Release, March 2023
Inflation surprised on the upside, accelerating at rates below the consensus forecast. On a monthly basis, headline CPI rose just 0.1%, and increased 5.0% annually, the slowest pace since May 2021. Prices excluding food and energy remained stubbornly…
NAA Inflation Tracker: March 2023
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CPI, Latest Release, February 2023
There were no surprises in this month’s CPI release as all measures of inflation came in largely as expected. The headline rate was up 6.0% year-over-year, seasonally adjusted, while the core rate (excluding food and energy) increased 5.5%. The…
NAA Inflation Tracker: February 2023
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CPI, Latest Release, January 2023 Inflation continued its path in the right direction in January, rising 6.3% year-over-year on a seasonally adjusted basis, slightly higher than consensus forecasts. This was the seventh consecutive month of deceleration. On a monthly basis, prices rose 0.5%…
NAA Inflation Tracker: January 2023
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CPI, Latest Release, December 2022
There were no surprises in this month’s CPI report, with most measures matching analysts' expectations. Headline CPI increased 6.4% year-over-year (seasonally adjusted) while price increases excluding food and energy decelerated to 5.7%. Both measures…
NAA Inflation Tracker: December 2022
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CPI, Latest Release, November 2022
Once again, inflation came in lower than consensus forecasts, measuring 7.1% year-over-year and just 0.1% over the month. Core inflation, excluding food and energy, was up 6.0% and 0.2%, its lowest increase since August 2021. In addition to gasoline (down 3.5%),…
November 2022 Inflation Tracker
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CPI, Latest Release, October 2022
Inflation came in lower than expected, rising 7.8% year-over-year, seasonally adjusted. This was the lowest rate of increase since January. On a monthly basis, prices rose 0.4%, matching September’s level. Consumers saw some relief on the food front, with…
NAA Inflation Tracker: October 2022
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CPI, Latest Release, September 2022
Once again, the latest inflation figures were greater than consensus forecasts, with headline CPI increasing 8.2% year-over-year on a seasonally adjusted basis. Core CPI, which excludes volatile food & energy prices and signals underlying,…
NAA Inflation Tracker: September 2022
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CPI, Latest Release, August 2022
Inflation ran higher than the consensus forecast, which called for a slight monthly decline in headline CPI and a 0.3% increase in core CPI. Instead, headline CPI rose 0.1%, despite the continued decline of gas prices; core CPI rose 0.6%, double last…