The US Bureau of Statistics said that in September, the CPI rose .2%, rising 1.4% over the last 12 months.
Annual CPI has moved from 0.10% in May 2020 to the current level of 1.40%. Food inflation is currently running at 3.90%, Medical care services rose 4.90%, Education and communication rose 2.10%. Offsetting these gains was an annual fall of 6% in Apparel and a 7.70% fall in Energy.
Current Energy price falls may be large but can be seen as a recovery following the peak falls in May 2020 when annual prices fell 18.90% due to the drop in oil prices.
More detailed analysis can be found at: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
Michael Cornips is the Managing Director and Founder of Emerald Financial.
Latest posts by Michael Cornips (see all)
- How the Chevron Doctrine decision could shake the environment and investors - July 10, 2024
- Why a tsunami of liquidity might be on its way - July 5, 2024
- A quick explainer on Hybrids and why people trade them - June 24, 2024
Leave a Comment
You must be logged in to post a comment.