โข
Some spending categories saw persistent inflation above the Fed’s target, but other sectors actually saw prices decline.
โข
AIERโs Everyday Price Index (EPI) declined to 0.46 percent to 289.6 in September 2024 amid mixed signals for inflationary trends.
โข
“Inflation in the United States will end 2024 above the Fedโs target range.” ~Peter C. Earle
โข
“Housing costs continue to drive inflation higher. Some economists had forecast that substantial rent increases would have eased by now, but the numbers suggest that the housing inflation story isnโt over yet.” ~Peter C. Earle
โข
“In June, US inflation slowed to its lowest rate since 2021 primarily due to a significant deceleration in housing costs. June data bolsters the likelihood of rate cuts, potentially beginning in September.” ~Peter C. Earle
โข
“April’s core CPI data represents the lowest of 2024 and may signal the resumption of disinflation, particularly where shelter costs are concerned. Despite some favorable signs, though, there remains a persistent inflationary pressure in certain categories.” ~Peter C. Earle
โข
“It is increasingly clear that the choice to stop rate hikes at the 5.25 to 5.50 policy rate range was at best premature and may ultimately prove insufficient.” ~Peter C. Earle
โข
“While tailwinds from normalizing supply chains are cooling goods prices, concerns linger about the sustainability of this trend. In particular, the February CPI readings strongly suggest that the January updraft was not anomalous.” ~Peter C. Earle
โข
“The January 2024 CPI report highlights the challenges of returning inflation to the Fedโs target range and suggests a bumpy road ahead.” ~Peter C. Earle
โข
“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
โข
Some spending categories saw persistent inflation above the Fed’s target, but other sectors actually saw prices decline.
โข
AIERโs Everyday Price Index (EPI) declined to 0.46 percent to 289.6 in September 2024 amid mixed signals for inflationary trends.
โข
“Inflation in the United States will end 2024 above the Fedโs target range.” ~Peter C. Earle
โข
“Housing costs continue to drive inflation higher. Some economists had forecast that substantial rent increases would have eased by now, but the numbers suggest that the housing inflation story isnโt over yet.” ~Peter C. Earle
โข
“In June, US inflation slowed to its lowest rate since 2021 primarily due to a significant deceleration in housing costs. June data bolsters the likelihood of rate cuts, potentially beginning in September.” ~Peter C. Earle
โข
“April’s core CPI data represents the lowest of 2024 and may signal the resumption of disinflation, particularly where shelter costs are concerned. Despite some favorable signs, though, there remains a persistent inflationary pressure in certain categories.” ~Peter C. Earle
โข
“It is increasingly clear that the choice to stop rate hikes at the 5.25 to 5.50 policy rate range was at best premature and may ultimately prove insufficient.” ~Peter C. Earle
โข
“While tailwinds from normalizing supply chains are cooling goods prices, concerns linger about the sustainability of this trend. In particular, the February CPI readings strongly suggest that the January updraft was not anomalous.” ~Peter C. Earle
โข
“The January 2024 CPI report highlights the challenges of returning inflation to the Fedโs target range and suggests a bumpy road ahead.” ~Peter C. Earle
โข
“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
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