New CPI data released today from the BLS indicates that U.S. inflation is not yet tamed. The graph below shows the one-year growth rate of the CPI on a monthly basis since the beginning of 2022.   After consistent declines since June 2022, inflation has now increased slightly for two months in a row, and is…

Today's CPI report indicates that lower inflation is probably here for a while. Year-over-year growth in the CPI was just 3.2% in July (see the graph below). This follows on the heals of 3.1% inflation last month.  You can see from the graph that inflation is now back down into its normal range. The lower…

New CPI data released this week shows that, despite the claims and wishes of our government leaders, inflation is not going away anytime soon.  Inflation for the year ending in January is estimated at 7.5%, according to the BLS. As the graph below shows, this is the highest U.S. inflation rate in forty years.   This…

The new CPI data released today by the BLS shows what many of us are feeling when we buy gasoline and groceries: inflation is here and it is not going away immediately.  The year-over-year measure was up to 7% in December 2012 and this is the highest level since June 1982.  The graphic below shows…

Inflation over the last 12 months in the U.S. remained over 5 percent.  The August release of  the Consumer Price Index (CPI) data indicates that prices continue to rise way above normal as the economy tries to recover from the COVID-19 recession.  The figure below shows CPI inflation since 2011. In recent history, inflation has…

Earlier this week, the BLS released the Consumer Price Index Report for this past month. The CPI grew at just 0.1 percent in October and 2.05% over the past 12 months. The low overall inflation was accompanied by a 3.2% increase in shelter and a sharp 6.4% increase in energy prices. Together, shelter and energy…

Consumer prices in the U.S. rose 2.2% over the past year, according to the latest Consumer Price Index (CPI) data released today by the BLS.  While inflation hovered around 1% for much of 2016, 2% seems to be the new normal in 2017.  The CPI was up 0.5% in September alone, with about half of…

Rising gas prices pushed up the Consumer Price Index (CPI) in October.  However, year-over year, gas prices were essentially constant.  In addition, overall inflation over the past year was still just 1.6%.   The table below shows changes in selected goods and services over the past year.  Notice that egg prices continue to drop drastically,…