Inflation Tracker
NAA Inflation Tracker: January 2024
| Updated
CPI, Latest Release, December 2023
Inflation came in higher than expected, rising 3.3% year-over-year (seasonally adjusted) and 0.3% over the month, compared with consensus forecasts of 3.2% and 0.2%, respectively. Core inflation dropped below 4.0% for the first time since August 2021…
NAA Inflation Tracker: December 2023
| Updated
CPI, Latest Release, November 2023
November CPI came in largely as anticipated, increasing 0.1% from last month on a seasonally adjusted basis and up 3.1% year-over-year. The deceleration was once again driven by energy prices, down 5.4%. Core CPI stalled at 4.0%, still well above the…
NAA Inflation Tracker: November 2023
| Updated
CPI, Latest Release, October 2023
October CPI inflation figures came in slightly below expectations, remaining flat from last month, and increasing 3.2% year-over-year, seasonally adjusted. Price stability was led by declines in energy prices, including a 5.0% drop in gasoline. Core…
NAA Inflation Tracker: October 2023
| Updated
CPI, Latest Release, September 2023
The September inflation release came in slightly higher than expected, rising 3.7% year-over-year and 0.4% over the month, seasonally adjusted. Shelter costs were responsible for more than half the increase. Gas prices were also a major contributor,…
NAA Inflation Tracker: September 2023
| Updated
CPI, Latest Release, August 2023
The August inflation release contained more positives than negatives and largely came in at expectations. The headline number increased, as anticipated, for the second month in a row due to a rise in gas prices, responsible for more than half of the…
NAA Inflation Tracker: August 2023
| Updated
CPI, Latest Release, July 2023
Despite a year-over-year increase in the headline number, inflation came in below expectations once again, up 3.3% seasonally adjusted. Core CPI, arguably more important given its persistence, continued to move in the right direction, down to 4.7%, the lowest…
NAA Inflation Tracker: July 2023
| Updated
CPI, Latest Release, June 2023
Inflation came in below expectations, with the headline number, 3.1%, at its lowest level since March 2021. Core CPI, which by its nature is stickier, dipped below 5% year-over-year for the first time since October 2021 and experienced its lowest monthly…
NAA Inflation Tracker: June 2023
| Updated
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
| Updated
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
| Updated
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…