CPI

2024 - 11 - 13

CPI Inflation Takes a Quirky Turn: Why Is Everything More Expensive?

Biden Administration - Bureau of Labor Statistics - Consumer Price Index - Core CPI - Economic Analysis - Federal Reserve - Inflation - Shelter Costs

Dive into the latest Consumer Price Index report and discover why your wallet is feeling lighter this October!

The Consumer Price Index (CPI) report for October has been released and it seems inflation is back on the rise – up 2.6% from a year earlier. This is the first increase after months of relative calm in the inflation markets. The data, produced by the Bureau of Labor Statistics (BLS), indicates that consumer prices have risen by over 20% since December 2020, reflecting the ongoing economic adjustments under the Biden administration. With essentials eating into our budgets, it’s a wake-up call for many of us grappling with ever-so-slightly lighter wallets and heavier grocery bags.

Despite some efforts to curb inflation, the core CPI – which excludes the often volatile food and energy prices – remains stubbornly above 3%. This consistency in high prices is causing some head-scratching among economic analysts and everyday consumers alike. The recent CPI report shows inflation continues to be fuelled largely by the housing sector, which represents over a third of the overall inflation basket. With shelter costs creeping back up to 4.9%, it's tough to ignore how much of our paychecks are now allocated to keeping a roof over our heads.

The October inflation increase might have been anticipated by forecasters, but that doesn’t make it any less concerning. The Federal Reserve has a delicate balancing act ahead, as they try to lower inflation without dramatically stalling economic growth. The odds of another rate hike in December hang in the air like a cloud of uncertainty, leaving both investors and consumers wondering just how high rates might go or whether lower prices are on the way.

As we navigate through these economic twists and turns, it’s essential to keep an eye on expectations and what they mean for our wallets. Let’s hope calmer economic waters return sooner rather than later! Meanwhile, here’s a fun fact: Did you know that some economists argue that even a small uptick in inflation can be a sign of a healthy economy? That’s right! A little inflation isn't necessarily a bad thing – it suggests that consumer demand is rising! And if it helps you clear the fridge for some freshly delivered sushi, who are we to complain? Plus, here’s another interesting tidbit: the last time the CPI reported such a significant inflation increase like this was way back in early 2020. The pandemic certainly reshaped our economic landscape, but it's amazing how quickly things can change. Buckle up, folks!

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Image courtesy of "Forbes"

CPI Inflation Was 2.6% In October—Rises For First Time Since March (Forbes)

Consumer prices have jumped more than 20% since Dec. 2020, working out to over 5% annualized inflation under the Biden administration.

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Image courtesy of "FXStreet"

US CPI ticked higher in October (FXStreet)

The Bureau of Labor Statistics (BLS) reported that the headline Consumer Price Index (CPI) rose by 2.6% last month, matching prior forecasts.

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Image courtesy of "Investor's Business Daily"

Core CPI Inflation Stuck Above 3%, But Futures Rise (Live) (Investor's Business Daily)

Consumer price index data for October showed that progress lowering core inflation appears to have temporarily stalled, but odds for a Federal Reserve rate ...

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Image courtesy of "USA TODAY"

Inflation ticked up in October, CPI report shows. What happens next ... (USA TODAY)

Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate ...

US inflation stays firm for third month with 0.3% core CPI gain (The Business Times)

A MEASURE of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to achieve their ...

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Image courtesy of "Bloomberg"

Analysis of US CPI Report for October (Bloomberg)

Welcome to TOPLive's coverage of the US consumer price index report for October. As a new administration prepares to enter the White House — in part because ...

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Image courtesy of "The New York Times"

Inflation Rises to 2.6% in October: CPI Report Live Updates (The New York Times)

The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the ...

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Image courtesy of "CNBC"

Annual inflation rate hit 2.6% in October, meeting expectations (CNBC)

The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate.

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Image courtesy of "Reuters.com"

Oct CPI inflation up modestly, as expected (Reuters.com)

U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer ...

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Image courtesy of "Financial Times"

US CPI ticks back up, but will not stop another Fed cut in December (Financial Times)

The main driver of CPI continues to be shelter, which comprises more than a third of the overall inflation basket. Shelter inflation ticked back up to 4.9 per ...

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Image courtesy of "Bloomberg"

US Inflation Stays Firm for Third Month With 0.3% Core CPI Gain (Bloomberg)

Consumer price index boosted by used cars, shelter in October · Traders still see Fed cutting rates at December policy meeting.

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Image courtesy of "WOLF STREET"

Beneath the Skin of CPI Inflation: Overall CPI Accelerates for 4th ... (WOLF STREET)

The 3-month average “core” CPI accelerated to 3.6% annualized, the third month of acceleration in a row (red). The stubbornly high core inflation rate was ...

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Image courtesy of "Blockworks"

CPI sets the stage for more of the same from the Fed in December (Blockworks)

The Consumer Price Index increased 0.2% in October, bringing the annual inflation rate to 2.6% — in line with analyst estimates but still putting prices higher ...

After CPI report, IG primary continues issuance run (International Financing Review)

A mild CPI report this morning gave the US investment-grade corporate primary the impetus for more issuance, with at least six issues expected to price.

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Image courtesy of "ING Think"

Rates Spark: Markets relieved by consensus US CPI (ING Think)

US core CPI came in at 0.3% MoM, right on consensus, but still hot in our view. Nevertheless, rates markets found some relief in the number.

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Image courtesy of "FXStreet"

CPI doesn't sink markets (FXStreet)

The USD is Up and Crude is Up which is not normal, and the 30 Year T-Bond is trading Higher. The Financials should always correlate with the US dollar such that ...

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