Inflation Tracker
NAA Inflation Tracker: August 2022
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CPI, Latest Release, July 2022
Inflation surprised in a pleasant way, rising 8.5% year-over-year, below consensus forecasts. Prices were flat on a monthly basis, the best reading since May 2020 when they were actually dropping. The breather in price hikes was due to energy prices,…
NAA Inflation Tracker: July 2022
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CPI, Latest Release, June 2022
Once again, the headline inflation number beat analysts’ expectations, rising 9.1% year-over-year (unadjusted) and 1.3% over the month. Energy prices, up 7.5% since last month, were responsible for nearly half of the increase. Core inflation (excluding food and…
NAA Inflation Tracker: June 2022
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CPI, Latest Release, May 2022
By all measures – headline, core, monthly and annually – the May Consumer Price Index (CPI) came in hotter than expected. Headline CPI increased 8.5% (seasonally adjusted) year-over-year and 1.0% since last month. Not surprising, the energy index was up…
NAA Inflation Tracker: May 2022
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CPI, Latest Release, April 2022
After 7 months of smashing records, the headline Consumer Price Index (CPI) retreated slightly to 8.2% year-over-year (8.3% unadjusted). This was somewhat hotter than analysts’ expectations of 8.1%. Although it’s only one month of data, it is a good sign that…
NAA Inflation Tracker: April 2022
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CPI, Latest Release, March 2022
Once again, the Consumer Price Index (CPI) and core CPI (excluding food and energy) reached 40-year highs, increasing 8.5% and 6.5%, respectively, prior to seasonal adjustment. The headline number came in just a hair above analysts’ expectations of 8.4%. On a monthly…
NAA Inflation Tracker: March 2022
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CPI, Latest Release, February 2022
The Consumer Price Index (CPI) increased 7.9% year-over-year while core CPI (excluding food and energy) increased 6.4%, both new 40-year highs. On a monthly basis, food prices increased 1.0%, the highest gain since the onset of the pandemic in April…
NAA Inflation Tracker: February 2022
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CPI, Latest Release, January 2022
The Consumer Price Index (CPI) increased 7.5% year-over-year while core CPI increased 6.0%. Once again, we must go back to 1982 to find similar figures. Energy prices increased 27% while food prices were up 7.5%. Looking at monthly changes by category…
NAA Inflation Tracker: January 2022
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CPI, Latest Release, December 2021
The Consumer Price Index (CPI) skyrocketed once again, increasing 7.1% on a year-over-year basis and 0.5% over the month. The largest increases since November were used cars and trucks, airline fares, apparel, and new vehicles, all up more than 1.0%. Energy prices…
NAA Inflation Tracker: December 2021
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CPI, Latest Release, November 2021
The Consumer Price Index (CPI) rose 6.9% on a year-over-year basis, while prices excluding food and energy (core CPI) rose 5.0%, both measures at decades’ highs. Energy prices skyrocketed 33.3% year-over-year while food prices were up 6.1%. The only components of…
NAA Inflation Tracker: November 2021
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CPI, Latest Release, September 2021
The Consumer Price Index (CPI) rose 6.2% on a year-over-year basis, while prices excluding food and energy (core CPI) rose 4.6%, well above consensus forecasts. Energy prices have soared 30% over the past year while food prices were up 5.3%. For core CPI, used…