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Economy

Economic Data (USA)

Thursday, January 12, 2023

Consumer Price Index (CPI) for December 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for  December 2022:


=========================================

CPI During December 2022: 296.797

=========================================

Consumer Price Index, Headline

Predicted: FLAT
Actual: -0.307% (-0.914 points)

  • Change From 12 Months Previous: +6.454% (+17.995 points)


=========================================

Consumer Price Index, Minus Food and Energy (Core CPI)

Predicted: +0.1%
Actual: +0.171% (+0.513 points)

Change From 12 Months Previous: +5.708% (+16.205 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During December 2021: 278.802

=========================================

 

CHART: Consumer Price Index 12-Month Percentage Change December 2022 Update
CHART: Consumer Price Index
12-Month Percentage Change
December 2022 Update 

=========================================

 


=========================================

 

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Friday, December 16, 2022

Consumer Price Index (CPI) for November 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for  November 2022:


=========================================

CPI During November 2022: 297.711

=========================================


Predicted: FLAT
Actual: -0.1% (-0.301 points)

  • Change From 12 Months Previous: +7.11% (+19.763 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During November 2021: 277.948

=========================================

 


=========================================

 

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Friday, November 11, 2022

Consumer Price Index (CPI) for October 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October 2022:


=========================================

CPI During October 2022: 298.012

=========================================


Predicted: +0.6%
Actual: +0.406% (+1.204 points)

  • Change From 12 Months Previous: +7.745% (+21.423 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During October 2021: 276.589

=========================================

 


=========================================

 

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Thursday, October 13, 2022

Consumer Price Index (CPI) for September 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for September 2022:


=========================================

CPI During September 2022: 296.808

=========================================


Predicted: -0.1%
Actual: +0.215% (+0.637 point)

  • Change From 12 Months Previous: +8.202% (+22.498 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During September 2021: 274.310

=========================================

 


=========================================


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Thursday, September 22, 2022

Consumer Price Index (CPI) for August 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for August 2022:


=========================================

CPI During August 2022: 296.171

=========================================


Predicted: -0.1%
Actual: -0.035% (-0.105 point)

  • Change From 12 Months Previous: +8.263% (+22.604 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During August 2021: 273.567

=========================================

 


=========================================


CHART: Consumer Price Index, 12-Month Percentage Change, August 2022 UPDATE
CHART: Consumer Price Index,
12-Month Percentage Change,
August 2022 UPDATE

=========================================


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Thursday, August 11, 2022

Consumer Price Index (CPI) for July 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for July 2022:


=========================================

CPI During July 2022: 296.276.

=========================================


Predicted: +0.1%
Actual: -0.012% (-0.035 points)

  • Change From 12 Months Previous: +8.525% (+23.273 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During July 2021: 273.003.

=========================================

 


=========================================



CHART: Consumer Price Index, 12-Month Percentage Change, Selected Categories, July 2022 UPDATE
CHART: Consumer Price Index,
12-Month Percentage Change,
Selected Categories,
July 2022 UPDATE


=========================================



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Wednesday, July 13, 2022

Consumer Price Index (CPI) for June 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for June 2022:


=========================================

CPI During June 2022: 296.311.

=========================================


Predicted: +1.2%
Actual: +1.374% (+4.015 points)

  • Change From 12 Months Previous: +9.06% (+24.615 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During June 2021: 292.296.

=========================================

 


=========================================


CHART: Consumer Price Index, 12-Month Percentage Change, Selected Categories, June 2022 UPDATE

CHART: Consumer Price Index,
12-Month Percentage Change,
Selected Categories,
June 2022 UPDATE


=========================================


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Friday, June 10, 2022

Consumer Price Index (CPI) for May 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for May 2022:


=========================================

CPI During May 2022:292.296

=========================================


Predicted: +0.3%
Actual: +1.102% (+3.187 points)

  • Change From 12 Months Previous: +8.582% (+23.101 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During May 2021: 269.195

=========================================

 


=========================================


CHART: 12-Month Percentage Change, Consumer Price Index, Selected Categories - May 2022 UPDATE

CHART: Consumer Price Index,
12-Month Percentage Change,
Selected Categories,
May 2022 UPDATE


=========================================


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Wednesday, May 11, 2022

Consumer Price Index (CPI) for April 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for April 2022:


=========================================

CPI During April 2022: 289.109

=========================================


Predicted: +0.3%
Actual: +0.558% (+1.605 points)

  • Change From 12 Months Previous: +8.259% (+22.055 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During April 2021: 267.054

=========================================

 


=========================================



CHART: Consumer Price Index (CPI) Fuel Oil + Gasoline (All Types) 12-Month Percent Change - April 2022 Update

CHART: Consumer Price Index (CPI)
Fuel Oil + Gasoline (All Types)
12-Month Percent Change
April 2022 Update

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Tuesday, April 12, 2022

Consumer Price Index (CPI) for March 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for March 2022:


=========================================

CPI During March 2022: 287.504

=========================================


Predicted: +1.0%
Actual: +1.335% (+3.788 points)

  • Change From 12 Months Previous: +8.542% (+22.627 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During March 2021: 264.877

=========================================

 


=========================================


CHART: Consumer Price Index (CPI) Fuel Oil + Gasoline (All Types) 12 Month Percent Change - March 2022 Update

CHART: Consumer Price Index (CPI)
Fuel Oil + Gasoline (All Types)
12-Month Percent Change
March 2022 Update

=========================================


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Thursday, March 10, 2022

Consumer Price Index (CPI) for February 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for February 2022:


=========================================

CPI During February 2022: 283.716

=========================================


Predicted: +1.0%
Actual: +0.913% (+2.568 points)

  • Change From 12 Months Previous: +7.871% (+20.702 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During February 2021: 263.014

=========================================

 


=========================================

 

CHART: Consumer Price Index (CPI) 12 Month Percent Change - February 2022 Update

CHART: Consumer Price Index (CPI)
12 Month Percent Change
February 2022 Update

=========================================


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Thursday, February 10, 2022

Consumer Price Index (CPI) for January 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2022:


=========================================

CPI During January 2022: 281.149

=========================================


Predicted: +0.6%
Actual: +0.842% (+2.347 points)

  • Change From 12 Months Previous: +7.48% (+19.567points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During January 2021: 261.582

=========================================

 


=========================================

 

CHART: Consumer Price Index (CPI) - January 2022 Update

CHART: Consumer Price Index (CPI)
January 2022 Update

 
=========================================


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Friday, January 28, 2022

PCE Price Index + Personal Income + Consumer Spending Report for December 2021

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for December 2021:

=============

Consumer Spending (Personal Consumption Expenditures)

Predicted: FLAT

  • Actual: -0.6%
  • Actual (2012 Chained* Dollars): -1.0%
=============

Personal Income

Predicted: +0.3%
  • Actual: +0.3%
=============

  • Disposable Personal Income, Current Dollars: +0.2%
  • Disposable Personal Income (2012 Chained* Dollars): -0.2%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

=====================


CHART: Month-to-Month Change in Personal Income and Outlays | Personal Saving As A Percentage of Disposable Personal Income


CHART: Month-to-Month Change in Personal Income and Outlays
Personal Saving As A Percentage of Disposable Personal Income

=====================

=====================

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.7%
Actual: +0.4% 

  • Change from 12 months previous: +5.8%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: +0.5%
Actual: +0.5%

  • Change from 12 months previous: +4.9%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


=====================

 =====================

*Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.


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Wednesday, January 12, 2022

Consumer Price Index (CPI) for December 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for December 2021:


=========================================

CPI During December 2021: 278.802

=========================================


Predicted: +1.0%
Actual: +0.307% (+0.854 points)

  • Change From 12 Months Previous: +7.036% (+18.328 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During December 2020: 260.474

=========================================

 


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Thursday, December 23, 2021

PCE Price Index + Personal Income + Consumer Spending Report for November 2021

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for November 2021:

=============

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.5%

  • Actual: +0.6%
  • Actual (2012 Chained* Dollars): UNCHANGED
=============

Personal Income

Predicted: +0.3%
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2012 Chained* Dollars): -0.2%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

=====================


CHART: Month-on-Month Change in Personal Income November 2021 Update

CHART: Month-on-Month Change in Personal Income
November 2021 Update

=====================

=====================

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.7%
Actual: +0.6% 

  • Change from 12 months previous: +5.7%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: +0.5%
Actual: +0.5%

  • Change from 12 months previous: +4.7%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


=====================

 =====================

*Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.


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Friday, December 10, 2021

Consumer Price Index (CPI) for November 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for November 2021:


=========================================

CPI During November 2021: 277.948

=========================================


Predicted: +1.0%
Actual: +0.491% (+1.359 points)

  • Change From 12 Months Previous: +6.809% (+17.719 points)

=========================================

The above, yellow-highlighted figures represent the seasonally unadjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================


CHART: Consumer Price Index (CPI) 12 Month Percentage Change - November 2021 Update


CHART: Consumer Price Index (CPI)
12 Month Percentage Change
 November 2021 Update

=========================================

CPI During November 2020: 260.229

=========================================

 


=========================================


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Wednesday, November 24, 2021

PCE Price Index + Personal Income + Consumer Spending Report for October 2021

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for October 2021:

=============

Consumer Spending (Personal Consumption Expenditures)

Predicted: +1.5%

  • Actual: +1.3%
  • Actual (2012 Chained* Dollars): +0.7%
=============

Personal Income

Predicted: +0.3%
  • Actual: +0.5%
=============

  • Disposable Personal Income, Current Dollars: +0.3%
  • Disposable Personal Income (2012 Chained* Dollars): -0.3%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

=====================


CHART: Month-on-Month Change in Personal Income - October 2021 Update
CHART: Month-on-Month Change in Personal Income
October 2021 Update

=====================

=====================

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.7%
Actual: 0.6% 

  • Change from 12 months previous: +5.0%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: +0.5%
Actual: 0.4%

  • Change from 12 months previous: +4.1%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


=====================

 =====================

*Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.


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Wednesday, November 10, 2021

Consumer Price Index (CPI) for October 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October 2021:


=========================================

CPI During October 2021: 276.589

=========================================


Predicted: +0.3%
Actual: +0.831% (+2.279 points)

  • Change From 12 Months Previous: +6.222% (+16.201 points)

=========================================

The above, yellow-highlighted figures represent the seasonally unadjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================


CHART: Consumer Price Index (CPI) 12 Month Percentage Change - October 2021 Update

CHART: Consumer Price Index (CPI)
12 Month Percentage Change
October 2021 Update

=========================================

CPI During September 2021: 274.310

=========================================

 


=========================================


Labels: , , , , , , , , ,


>  SITEMAP  <

Friday, October 29, 2021

PCE Price Index + Personal Income + Consumer Spending Report for September 2021

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for September 2021:

=============

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.5%

  • Actual: +0.6%
  • Actual (2012 Chained* Dollars): +0.3%
=============

Personal Income

Predicted: -0.5%
  • Actual: -1.0%
=============

  • Disposable Personal Income, Current Dollars: -1.3%
  • Disposable Personal Income (2012 Chained* Dollars): -1.6%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

=====================


CHART: Month-on-Month Change in Personal Income September 2021 Update

CHART: Month-on-Month Change in Personal Income
September 2021 Update

=====================

=====================

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.3%
Actual: 0.3% 

  • Change from 12 months previous: +4.4%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: +0.2%
Actual: 0.2%

  • Change from 12 months previous: +3.6%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


=====================

 =====================

*Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.


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Wednesday, October 13, 2021

Consumer Price Index (CPI) for September 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for September 2021:


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CPI During September 2021: 274.310

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Predicted: +0.3%
Actual: +0.272% (+0.743 point)

  • Change From 12 Months Previous: +5.39% (+14.03 points)

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The above, yellow-highlighted figures represent the seasonally unadjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

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CHART: Consumer Price Index (CPI) 12 Month Percentage Change September 2021 Update
CHART: Consumer Price Index (CPI)
12 Month Percentage Change
September 2021 Update

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CPI During August 2021: 273.567

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