Key Points: The Consumer Price Index (CPI) increased 1.3% in June after rising 1.0% in May. CPI increased 9.1% from a year ago, the highest reading since the period ending November 1981. Prices remained above 5% for the thirteenth straight month. The core CPI, which excludes food and energy, rose 0.7% in June and is […]

Key Points: U.S. consumer spending rose by 0.2%, or $32.7 Billion, in May, down from 0.6% in April. Personal income increased by 0.5%, or $113.4 Billion, in May, the same reading as April. The overall personal consumption expenditures price index rose 0.6% in May and is up 6.3% from a year prior. The core personal […]

Key Points: Despite claims by the current administration that inflation is caused by the Russian invasion of Ukraine, dubbed the “Putin Price Hike”, which was used as recently as June 22, data show the rise in prices began much earlier. As the chart shows, there was an uptick in inflation starting in January of 2021, […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell by 0.3% in May as inflation reached its highest level in more than 40 years. Consensus among economists was a 0.2% increase. May’s 0.3% decline comes after April was revised down to 0.7% from 0.9%. Excluding autos, retail sales rose by […]

Key Points: The Consumer Price Index (CPI) increased 1.0% in May and is up 8.6% in the last year, the highest reading since 1981. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 10.1%, food at home rose 11.9%, and food away from home rose 7.4% […]

Key Points: The national average price of a gallon of gas has surpassed $5 for the first time ever. Overall, the price of a gallon of regular gas has increased from $3.08 one year ago to $5.01 today. The price of gas has increased $0.15 in the last week, $0.58 in the last month, and […]

Key Points: The Consumer Price Index (CPI) increased 1.0% in May after rising 0.3% in April. CPI increased 8.6% from a year ago, the highest reading since December 1981. Prices remained above 5% for the twelfth straight month. The core CPI, which excludes food and energy, rose 0.6% in May and is up 6% from […]

Key Points: The national average price of a gallon of gas has consistently increased to the highest level on record at $4.87. Gas prices have doubled since Biden was inaugurated on Jan 20, 2021 when gas prices were $2.39. Overall, the price of a gallon of regular gas has increased from $3.05 one year ago […]

Key Points: U.S. consumer spending rose by 0.9%, or $152.3 Billion, in April. Personal income increased by 0.4%, or $89.3 Billion, in April. The overall personal consumption expenditures price index rose 0.2% in April and is up 6.3% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Key Points: The national average price of a gallon of gas has increased to the highest level on record for the 11th consecutive day to $4.59. For the first time ever, every state has gas prices above $4. Gas prices have hit new record highs every day since May 9th. This recent trend comes after […]

Key Points U.S. builder confidence fell in May due to rapidly rising interest rates combined with the ongoing home price increases and construction costs, according to NAHB. The NAHB Housing Market index declined to a reading of 69 this month from 77 in April. This is the fifth consecutive month that builder sentiment has declined […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.9% in April for the fourth straight month, as inflation held close to its highest level in 40 years. Consensus among economists was a 0.7% increase. April’s 0.9% increase comes after March’s revised 1.4% increase. Excluding autos, retail sales rose […]

Key Points: The Consumer Price Index (CPI) increased 0.3% in April and is up 8.3% in the last year, down slightly from March’s 8.5%, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 9.4%, food at home rose 10.8%, and food […]

Key Points: The Consumer Price Index (CPI) increased 0.3% in April after rising 1.2% in March. CPI increased 8.3% from a year ago, down from 8.5% in the year ending in March. Prices remained above 5% for the eleventh straight month. The core CPI, which excludes food and energy, rose 0.6% in April and is […]

Key Points: U.S. consumer spending rose by 1.1%, or $185.0 Billion, in March. Personal income increased by 0.5%, or $107.2 Billion, in March. The overall personal consumption expenditures price index rose 0.9% in March and is up 6.6% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Key Points: Home-price growth slowed slightly in September as sky-high prices deterred some buyers. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.8% in the year that ended in February, up from 19.1% in the previous month. The 20-City Composite posted a […]

Key Points U.S. home prices reached a record $375,300 in March as mortgage-interest rates rose and the shortage of homes for sale continued. Existing-home sales fell 2.7% in March from February to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday. Existing-home sales fell 4.5% in March from a […]

Key Points U.S. homebuilder confidence fell in April due to rapidly rising interest rates combined with the ongoing home price increases and construction costs, according to NAHB. The NAHB Housing Market index declined to a reading of 77 this month from 79 in March. This is the fourth consecutive month that builder sentiment has declined. […]

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite trending up between January 2017 and January 2021, real wages have trended down since January 2021. Real average hourly earnings have fallen from $32.63 in March 2021 to […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.5% in March over the month. Consensus among economists was a 0.6% increase. March’s 0.5% increase comes after February’s revised 0.8% increase. Excluding autos, retail sales rose by 1.1% over the month. Spending slowed in part due to rising costs […]

Key Points: The Consumer Price Index (CPI) increased 1.2% in March after rising 0.8% in February. CPI increased 8.5% from a year ago, the highest reading in 40 years. Prices remained above 5% for the tenth straight month. The core CPI, which excludes food and energy, rose 0.3% in March and is up 6.5% from […]

Key Points: Home-price growth accelerated in January as the supply of homes for sale fell to a new low. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.2% in the year that ended in January, up from 18.9% in the previous month. […]

Key Points: U.S. consumer spending rose by 0.2%, or $34.9 Billion, in February. Personal income increased by 0.5%, or $101.5 Billion, in January. The overall personal consumption expenditures price index rose 0.6% in February and is up 6.4% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Key Points: Gas prices were stable or trending down during the Trump Administration. However, new upward trend emerged following Biden’s inauguration. The cancelation of the Keystone XL pipeline is one example of a Biden policy that raised gas prices.

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.3% in February over the month. Consensus among economists was a 0.4% increase. February’s 0.3% increase comes after January’s revised 4.9% increase. Excluding autos, retail sales rose by 0.2% over the month. Spending slowed in part due to rising costs […]

Key Points: The Consumer Price Index (CPI) increased 0.8% in February and is up 7.9% in the last year, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 8.6% over the past 12 months. The largest increase in food was […]

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite trending up between January 2017 and January 2021, real wages have trended down since January 2021. Real average hourly earnings have fallen from $32.16 in February 2021 to […]

Key Points: The Consumer Price Index (CPI) increased 0.8% in February after rising 0.6% in January. CPI increased 7.9% from a year ago, the highest reading in 40 years. Prices remained above 5% for the ninth straight month. The core CPI, which excludes food and energy, rose 0.6% in February and is up 6.4% from […]

Key Points: The national average price of a gallon of gas has increased to the highest level on record. Today’s $4.17 has surpassed the all-time U.S. average record of $4.11 from July 2008. Overall, the price of a gallon of regular gas has increased from $2.77 one year ago to $4.17 today. The price of […]

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.73 one year ago to $3.73 today. The price of gas has increased $0.32 in the last month, $0.19 in the last week, and $0.07 since yesterday. Currently, every states has gas prices […]

Key Points: U.S. consumer spending rose by 2.1%, or $337.2 Billion, in January. Personal income increased less than 0.1%, or $9.0 Billion, in January. The overall personal consumption expenditures price index rose 0.6% in January and is up 6.1% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, […]

Key Points: As the chart shows, there was an uptick in inflation in January of 2021, when election results gave Democrats control of the Senate. This reflected growing anticipation, by market participants, of the inflationary effects of the agenda that Democrats were likely to pass. There was then an acceleration when Democrats implemented their legislative […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 3.8% in January over the month. Consensus among economists was a 2.0% increase. January’s 3.8% increase comes after December’s revised 2.5% decrease. Excluding autos, retail sales rose by 3.3% over the month. Spending slowed in part due to rising costs […]

Key Points: The Consumer Price Index (CPI) increased 0.6% in January and is up 7.5% in the last year, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 7.4% over the past 12 months. The largest increase in food was […]

Key Points: The Consumer Price Index (CPI) increased 0.6% in January after rising 0.5% in December. CPI increased 7.5% from a year ago, the highest reading in 40 years. Prices remained above 5% for the eighth straight month. The core CPI, which excludes food and energy, rose 0.6% in January and is up 6.0% from […]

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.47 one year ago to $3.46 today. The price of gas has increased $0.16 in the last month and $0.08 in the last week. Gas prices have not been this high since 2014. […]

Key Points: U.S. consumer spending fell by $95.2 billion or 0.6% in December. Personal income increased by 0.3%, or by $70.7 Billion, in December. The overall personal consumption expenditures price index rose 0.4% in December and is up 5.8% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, […]

Key Points: Home-price growth slowed slightly in September as sky-high prices deterred some buyers. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18.8% in the year that ended in November, down from 19.0% in the previous month. The 20-City Composite posted an […]

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.40 one year ago to $3.33 today. Inflation has severely impacted energy costs, which are up 29.3% in 2021 alone, led by gasoline which increased by 49.6% in 2021. California has the highest […]

Key Points: The Consumer Price Index (CPI) increased 0.5% in December and is up 7.0% in the last year, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 6.5% over the past 12 months. The largest increase in food was […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell by 1.9% in December over the month. Consensus among economists was a 0.1% decline. November’s retail sales were revised down to a 0.2% increase. Excluding autos, retail sales fell by 2.3% over the month. Spending slowed in part due to rising […]

Key Points: The Consumer Price Index (CPI) increased 0.5% in December after rising 0.8% in November. CPI increased 7.0% from a year ago, the highest reading in 40 years. Prices remained above 5% for the seventh straight month. The core CPI, which excludes food and energy, rose 0.6% in December and is up 5.5% from […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.3% in November over the month. Consensus among economists was a 0.8% increase. November’s 0.3% increase was far below October’s 1.8% increase. Excluding autos, retail sales rose by 0.3% over the month. Spending slowed in part due to rising costs […]

Key Points: The Consumer Price Index (CPI) increased 0.8% in November after rising 0.9% in October. CPI increased 6.8% from a year ago, the highest reading in 39 years. Prices remained above 5% for the sixth straight month. The core CPI, which excludes food and energy, rose 0.5% in November and is up 4.9% from […]

Key Points: Home-price growth slowed slightly in September as sky-high prices deterred some buyers. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.5% in the year that ended in September, down from 19.8% in the previous month. The 20-City Composite posted a […]

Key Points: A survey from the Farm Bureau indicates the average cost of this year’s classic Thanksgiving feast for 10 is $53.31. This is a 14% increase from last year’s average of $46.90. The centerpiece on most Thanksgiving tables, the turkey, costs 24% more than last year at $23.99 for a 16-pound bird. Prices have […]

Key Points: U.S. consumer spending rose by 1.3% in October, beating economists’ expectations of 0.9%. Personal income increased by 0.5%, or by $93.4 Billion, in October. The overall personal consumption expenditures price index rose 0.6% in October and is up 5.0% from a year prior. The core personal consumption expenditures price index, which excludes food […]

Key Points: The Consumer Price Index (CPI) increased 0.9% in October after rising 0.4% in September. CPI increased 6.2% from a year ago, the highest reading in 30 years. Prices remained above 5% for the fifth straight month. The core CPI, which excludes food and energy, rose 0.6% in October and is up 4.6% from […]

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.11 one year ago to $3.42 today. The price has increased $0.16 in the last month alone. California has the highest price at $4.63, followed by Hawaii at $4.34. Oklahoma has the lowest […]

Key Points: U.S. consumer spending rose by 0.6% in September, beating economists’ expectations of 0.5%. Personal income decreased by 1.0%, or by $216.2 Billion, in September. The decrease in personal income in September primarily reflected a decrease in government social benefits. The overall personal consumption expenditures price index rose 0.3% in September and is up […]

Key Points: House prices rose nationwide in August, up 1.0% from the previous month. House prices rose 18.5% from August 2020 to August 2021. The 1.0% increase in August marks the 15th consecutive month of increases. Rising home prices are pushing some buyers out of the market. While existing home sales rose 7% in September, […]

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.7% in September over the month. Consensus among economists was a 0.2% decline. Excluding autos, retail sales rose by 0.8% over the month. Higher spending in part reflects rising costs because consumer prices advanced 0.4% in September from August and […]

Key Points: The Consumer Price Index (CPI) increased 0.4% in September after rising 0.3% in August. CPI increased 5.4% from a year ago, the same reading as July and the largest 12-month increase since August 2008. The core CPI, which excludes food and energy, rose 0.2% in September and is up 4.0% from the previous […]

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.18 one year ago to $3.24 today. The price has increased $0.05 in the last week alone. California has the highest price at $4.43, followed by Hawaii at $4.12, and Washington at $3.85. […]

Key Points: U.S. consumer spending rose by 0.8% in August, beating economists’ expectations. Personal income increased by 0.2%, or by $35.5 Billion, in August. The overall personal consumption expenditures price index rose 0.4% in August and is up 4.3% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, […]

Key Points: The Consumer Price Index (CPI) increased 0.3% in August and is up 5.3% in the last year. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 3.0% over the past 12 months. Five of the six major grocery store food group indexes increased […]

Key Points: The Consumer Price Index (CPI) increased 0.3% in August after rising 0.5% in July. CPI increased 5.3% from a year ago, down slightly from July’s 5.4% reading. The core CPI, which excludes food and energy, rose 0.1% in August and is up 4.0% from the previous year. The energy index rose 2.0% and […]

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,o.id=n,o.src=”https://e.infogram.com/js/dist/embed-loader-min.js”,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”); Key Points: The Consumer Price Index (CPI) increased 0.5% in July after rising 0.9% in June. This was the largest 1-month change since June 2008 when the index rose 1.0%. CPI increased 5.4% from a year ago, the same reading as June and the largest 12-month increase since August 2008. The […]

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,o.id=n,o.src=”https://e.infogram.com/js/dist/embed-loader-min.js”,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”); Key Points: The Consumer Price Index (CPI) increased 0.9% in June after rising 0.6% in May. This was the largest 1-month change since June 2008 when the index rose 1.0%. CPI increased 5.4% from a year ago, the largest 12-month increase since August 2008. Used cars and trucks rose 10.5% in […]

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,o.id=n,o.src=”https://e.infogram.com/js/dist/embed-loader-min.js”,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”); Key Points: The Labor department reported its consumer price index jumped 0.8% in April from March. Consensus among economists was 0.2% increase. CPI has increased 4.2% from the previous year, the highest 12 month increase since the summer of 2008. Used autos surged 10% in April from March, the highest monthly […]