Posts filtered by tags: Consumer Price Index[x]


 

Inflation accelerates to highest rate since 2017

Elevated inflation has become a stubborn feature of the global economy’s recovery from the Covid-19 slump and central banks have been forced to react The post Inflation accelerates to highest rate since 2017 appeared first on The Mail & Guardian.
Tags: Business, United States, South Africa, Inflation, Openaccess, South African Reserve Bank, Consumer Price Index, Statistics South Africa, Top Six, US Bureau of Labour Statistics, COVID-19, Bureau For Economic Research


Americans will drive less and make fewer shopping trips in 2022 because of pricey gasoline and soaring inflation, Target CEO says

Target CEO Brian Cornell said Americans will make fewer shopping trips this year, Bloomberg reported.QualityHD/Shutterstock Target CEO Brian Cornell said Americans will make fewer shopping trips in 2022, Bloomberg reported. Shoppers are likely to eat at home and look for cheaper own brands, Cornell said, per Bloomberg. It comes as gas prices are on the rise and inflation hit a nearly 40-year high in December.  Target CEO Brian Cornell said on Sunday that Americans will drive less and make few...
Tags: New York, News, US, Trends, Bloomberg, Bureau of Labor Statistics, Retail, Inflation, Gasoline, Target, Cornell, Consumer Behavior, Brian Cornell, National Retail Federation, Consumer Price Index, Kate Duffy


Experts Address Inflation Fears During RISMedia Panel

An ongoing and historic rise in inflation has shaken not just the real estate industry, but has affected nearly every business and consumer across the country. With December’s Consumer Price Index (CPI) topping 7% year-over-year—the largest increase since 1982—real estate professionals are asking just how profound the impacts will be on their clients and markets. At RISMedia’s Real Estate Rocking in the New Year virtual event earlier this month, some of the industry’s most respected and influent...
Tags: News, Radio, Inflation, Teams, National, Agents, Latest News, Industry News, Best Practices, Richardson, MacDonald, Kruse, Jesse Williams, Consumer Price Index, Sarah Richardson, Joan Docktor


Inflation Climbs to Historic Levels at 7%

The Bureau of Labor Statistics (BLS) released its consumer price index (CPI) summary Tuesday morning showing an almost 40-year high year-over-year increase in December at 7%, with core inflation at 5.5%. After months of referring to spiraling price increases as “transitory,” the Federal Reserve has begun approaching the issue with more urgency in recent weeks, planning to accelerate its tapering of bond purchases and estimating three interest rate hikes in 2022 to combat the persistent upward pr...
Tags: News, Radio, Inflation, Teams, National, Federal Reserve, Agents, Latest News, Industry News, Bureau of Labor Statistics BLS, Jesse Williams, Consumer Price Index, Brokers, The Bureau of Labor Statistics


CPI report: Prices rising at fastest rate since 1982

The latest report from the Consumer Price Index says inflation surged 6.8% in November. It’s the largest year-increase since 1982. #cpi
Tags: Consumer Price Index


2021's wild price increases will soon give way to 2022's year of discounts, according to the economist who's studied the American shopper for decades

Vickie Flores/In Pictures via Getty Images The US is leaving the supply crisis and high inflation behind, economist Susan Sterne told Insider. Data shows inventories rebounding and she predicted spending plummeting after the holiday season. People are already reining in demand, and it's likely companies will discount surpluses in 2022, she said. Inflation is the worst it's been since the early 1980s. But an award-winning expert on consumer behavior thinks it won't stay that way fo...
Tags: US, Trends, PPP, Jefferies, Stern, Sterne, Consumer Price Index, Vickie Flores, Ben Winck, INSIDER Data, Susan Sterne, Economic Analysis Associates


It’s official: Inflation ramps up to fastest annual pace in 40 years

It's not just the housing market. The prices of U.S. consumer goods have been rising faster than at any 12-month period since 1982, according to the Consumer Price Index, released Friday.
Tags: Radio, Used Cars, Inflation, Gasoline, New Cars, Consumer Price Index, Markets & Economy, Select, Home Prices, Food Prices, Housing Costs, Car Prices


‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles

Critics have said the repo rate hike will jeopardise already sluggish economic growth, but others say the gradual increase will have little effectThe post ‘A cruel slap’: Reserve Bank weighs inflation risks as the economy struggles appeared first on The Mail & Guardian.
Tags: Business, Interest Rates, Bank Of England, United States, South Africa, United Kingdom, Currencies, Inflation, Economic Growth, Investec, Monetary Policy Committee, Electricity Prices, Exchange Rate, Reserve Bank, Cosatu, First National Bank


Reserve Bank green-lights interest rate lift-off

The decision to hike the repo rate by 25 basis points comes in the wake of red-hot inflation in advanced economies and fears policymakers will start to dial back on accommodative measures The post Reserve Bank green-lights interest rate lift-off appeared first on The Mail & Guardian.
Tags: Business, Interest Rates, Bank Of England, United States, South Africa, United Kingdom, Currencies, Inflation, Economic Growth, Monetary Policy Committee, Electricity Prices, Exchange Rate, Reserve Bank, Lesetja Kganyago, South African Reserve Bank, Consumer Price Index


South African inflation unchanged as some economists expect repo rate lift-off

Global inflation has surprised on the upside, which may factor into whether the Reserve Bank’s monetary policy committee decides to raise the interest rate on Thursday The post South African inflation unchanged as some economists expect repo rate lift-off appeared first on The Mail & Guardian.
Tags: Business, China, Germany, United States, South Africa, Inflation, Federal Reserve, Investec, Monetary Policy Committee, Interest Rate, Reserve Bank, South African Reserve Bank, Consumer Price Index, Bureau of Labour Statistics, Top Six, Electricity Costs


Americans are pissed off they're paying more for groceries these days

A supply shortage is causing food prices to soar. JUSTIN TALLIS/Getty Images Americans have noticed the most dramatic price increases in their groceries, per BofA Research. Food inflation is the result of bad weather, a labor shortage, and relentless consumer demand. But everything is more expensive these days thanks to a supply-chain crisis. Americans are fed up with their grocery bills.Of all the goods and services that have experienced inflation this year, people have noticed price hike...
Tags: US, America, Trends, Bloomberg, Brazil, Argentina, Consumer Price Index, JBS, Hillary Hoffower, Andy Kiersz, Bank of America Research, Grace Kay, BofA Research Food, Robert F Ohmes


Your clothes may be about to become more expensive as cotton prices hit a decade high

A woman shops for clothing July 12, 2021 on Cape Cod in Orleans, Massachusetts. Robert Nickelsberg/Getty Images Clothing prices could be on the rise soon due to surging cotton prices. On Tuesday, the commodity hit its highest level since 2011, as decimated crops meet rising demand. Retailers may struggle to offset the cost hike as it piles onto a host of supply-chain issues. See more stories on Insider's business page. Clothing prices are in danger of rising ahead of the holiday season...
Tags: News, Shopping, China, US, Trends, Bloomberg, Economy, Cnn, Retail, Xinjiang, Cape Cod, Fox Business, Shortages, Trump, National Retail Federation, Edward Jones


Despite inflation risks, the monetary policy committee keeps rates on hold

Inflation rose well beyond the Reserve Bank’s midpoint target in August The post Despite inflation risks, the monetary policy committee keeps rates on hold appeared first on The Mail & Guardian.
Tags: Business, South Africa, Inflation, Gdp, Us Federal Reserve, Reserve Bank, Lesetja Kganyago, Jerome Powell, South African Reserve Bank, Consumer Price Index, Top Six, Repo rate, COVID-19, Commodity Prices, ZumaUnrest


If the inflation-driving supply strain in the US lasts, it could put SA in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy The post If the inflation-driving supply strain in the US lasts, it could put SA in a chokehold appeared first on The Mail & Guardian.
Tags: Business, US, United States, South Africa, Ford, Inflation, Toyota, Quantitative Easing, Volkswagen, Federal Reserve, Investec, Monetary Policy Committee, Current Account Deficit, Interest Rate, South African Reserve Bank, Consumer Price Index


If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold

In South Africa, a strong trade surplus, buoyed by robust commodity prices, will cushion our economy against pressure arising from US policy The post If the inflation-driving supply strain in the US lasts, it could put South Africa in a chokehold appeared first on The Mail & Guardian.
Tags: Business, US, United States, South Africa, Ford, Inflation, Toyota, Quantitative Easing, Volkswagen, Federal Reserve, Investec, Monetary Policy Committee, Current Account Deficit, Interest Rate, South African Reserve Bank, Consumer Price Index


US stocks erase early gains, close lower as inflation data spurs questions about the Fed's next move

Spencer Platt/Getty Images US stocks erased earlier gains Tuesday even after key inflation data revealed prices rose less than expected in August. The Consumer Price Index gained 0.3% last month, reflecting a slowdown in price pressure from the July 0.5% gain. The chief equity strategists at both RBC and Morgan Stanley are warning of an upcoming stock market correction. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks erased earlier gains Tuesday even af...
Tags: Apple, China, US, Trends, Markets, Oil Prices, Crypto, West Texas Intermediate, Morgan Stanley, Nasdaq, Dow, S&P 500, Fed, Rbc, Rieder, Steve Cohen


US stocks climb as inflation data shows prices rose less than expected

Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York. Bryan R. Smith/AFP/Getty Images All major indices rose Tuesday morning after inflation data revealed prices rose less than expected in August. The Consumer Price Index gained 0.3% last month, reflecting a slowdown in price pressure from the July 0.5% gain. SEC chair Gary Gensler will appear before the Senate banking committee later today. Sign up here ...
Tags: Senate, US, Trends, Markets, Cftc, Crypto, SEC, New York Stock Exchange, S&P 500, Securities And Exchange Commission, Gensler, Gary Gensler, Craig Johnson, Consumer Price Index, Piper Sandler, Emily Graffeo


Inflation eating into savings after last year’s slew of interest rate cuts

Food inflation was unchanged at 6.7% in July, but remained elevated on continued upward pressure from prices for meat and the oils and fats category. The post Inflation eating into savings after last year’s slew of interest rate cuts appeared first on The Mail & Guardian.
Tags: Business, Interest Rates, Drought, Economy, South Africa, Agriculture, Inflation, Cost Of Living, Openaccess, Sarb, South African Reserve Bank, Consumer Price Index, Statistics South Africa, Food Prices, Top Six, Repo rate


Popular inflation measure climbs more than expected in June as shortages abound

People walk through a shopping district in Brooklyn on July 16, 2021 in New York City. Spencer Platt/Getty Images The PCE inflation gauge rose 0.5% in June, showing prices continued to rip higher amid dire shortages. The reading exceeded a median estimate of 0.4%. The gauge rose 4% year-over-year. The Federal Reserve held interest rates near zero on Wednesday, signaling it isn't worried yet about rising prices. See more stories on Insider's business page. Decade-high inflation cont...
Tags: Trends, Bloomberg, Brooklyn, Federal Reserve, Fed, Powell, Commerce Department, Jerome Powell, PCE, Consumer Price Index, Ben Winck, New York City Spencer Platt Getty


Americans spent $621 billion at retail stores in June, a surprise increase from May

Mark Ralston/AFP via Getty Images The Census Bureau reported that Americans spent $621.3 billion at retail and food services businesses in June. That's a surprise 0.6% increase over May's revised $617.9 billion spend. Retail sales are higher than before the pandemic, spurred by stimulus and pent-up demand. See more stories on Insider's business page. Americans spent $621.3 billion at retail stores and restaurants last month, according to the Census Bureau. That's up 0.6% f...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Bureau, Afp, Census Bureau, Consumer Price Index, MARK RALSTON, Andy Kiersz, Census Bureau That, Getty Images The Census Bureau


Prices surged more than expected in June, as inflation continues to hit our wallets in the US

Food prices increased 0.8% between May and June. Lucas Jackson / Reuters The Consumer Price Index rose 0.9% between May and June, much more than the consensus estimate of 0.5%. Inflation has been relatively high over the last few months as the economy reopens. Whether or not prices keep rising is one of the big questions facing businesses and policymakers. See more stories on Insider's business page. Consumer prices rose 0.9% between May and June according to the Bureau of Labor Statis...
Tags: Labor, US, Trends, Bloomberg, Economy, Bureau of Labor Statistics, Inflation, Federal Reserve, Bureau, Marty Walsh, Consumer Price Index, Andy Kiersz, Biden Administration, BI Graphics


Prices surged more than expected in June, as inflation continues to hit Americans' wallets

Food prices increased 0.8% between May and June. Lucas Jackson / Reuters The Consumer Price Index rose 0.9% between May and June, much more than the consensus estimate of 0.5%. Inflation has been relatively high over the last few months as the economy reopens. Whether or not prices keep rising is one of the big questions facing businesses and policymakers. See more stories on Insider's business page. Consumer prices rose 0.9% between May and June according to the Bureau of Labor Statis...
Tags: Labor, US, Trends, Bloomberg, Economy, Bureau of Labor Statistics, Inflation, Federal Reserve, Bureau, Marty Walsh, Consumer Price Index, Andy Kiersz, Biden Administration, BI Graphics


US stocks drop as inflation data shows prices rose more than expected in June

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R Smith US stocks dipped at the open after key inflation data showed prices rose more than expected in June. The Consumer Price Index increased 0.9% in June, far higher than Bloomberg's consensus estimate among economists of 0.5%. Goldman Sachs and JPMorgan kicked off a series of bank earnings this week. Both firms beat expectations. Sign up here for our daily newsletter, 10 Thing...
Tags: New York, US, Trends, Markets, Bloomberg, Inflation, Treasury, Bank, Goldman Sachs, Nasdaq, Goldman, Dow Jones, Dow, S&P 500, Nyse, Jpmorgan


The Fed says inflation is transitory, but these 10 companies have already said they'll pass along rising costs to customers

Justin Sullivan/Getty Images New inflation data showed a 5% jump in consumer prices on a year-over-year basis in May. The increase added to the debate about whether is inflation is actually "transitory," as the Federal Reserve has claimed. Detailed below are 10 companies that have already said they're passing rising costs on to consumers. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The Labor Department released its monthly Consumer Price Index (CPI) data ...
Tags: Trends, Campbell Soup Company, Markets, Economy, United States, Cambridge, Inflation, CPI, Federal Reserve, Whirlpool, Cnbc, Fed, Honeywell, Scott, Peters, Campbell


What is inflation and when you should really start worrying about it

Some investors worry that fiscal and monetary stimulus will drive up inflation. Eva Hambach/Getty Images Economists are bracing for the strongest US inflation in decades as the country reopens. Where some expect inflation to be temporary, others fear a dangerous spiral, or "runaway" inflation. Here's what you need to know about inflation, where it stands today, and when you should really start to worry. See more stories on Insider's business page. After decades of weaker-than-expec...
Tags: Congress, US, America, Trends, Joe Biden, Treasury, Federal Reserve, Biden, Fed, Powell, Larry Summers, Council of Economic Advisors, Federal Reserve Bank of New York, Jerome Powell, Consumer Price Index, Former Treasury


Luxury items like watches and jewelry are getting even more expensive

Miguel Medina/AFP via Getty Images The cost of goods in the US saw its largest monthly increase since 2012. Jewelry and watches were among several items that saw a significant price boost. Prices are expected to continue rising in the coming months as vaccination levels increase. See more stories on Insider's business page. Luxury items became even more expensive last month as the price of goods in the US saw its highest monthly increase in nearly 9 years, according to the US Bureau a...
Tags: Jewelry, Texas, News, California, US, Trends, Economy, Watches, Retail, CPI, Gas Prices, Dow Jones, Rolex, Consumer Price Index, Miguel Medina, Luxury Goods


US stocks gain after key inflation data eases investors' concerns

JOHANNES EISELE/AFP via Getty Images US stocks gained on Wednesday as investors' inflation concerns eased.CPI data released Wednesday was in line with economists' expectations.The House is set to vote on the $1.9 trillion stimulus bill on Wednesday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks gained on Wednesday as inflation fears eased and investors prepared for the final passage of the $1.9 trillion stimulus bill.The Consumer Price Index, a k...
Tags: US, Trends, Markets, Joe Biden, House, Davis, CPI, Nasdaq, Dow, S&P 500, Gamestop, Jpmorgan, Consumer Price Index, Nancy Davis, Johannes Eisele, Getty Images Us


Rental eviction bans may topple homebuying’s recovery

“The stability of the entire rental housing sector is thrown into question.” Those are not my words, but I concur. Doug Bibby, president of the National Multifamily Housing Council, wonders how his industry will survive after a week that saw California and President Donald Trump temporarily ban evictions, pushing off a landlord’s ability to toss out non-paying tenants until next year. The coronavirus has made the landlord business difficult in numerous ways — and it’s getting worse with no simpl...
Tags: Business, Real Estate, News, California, Cdc, Housing, White House, New York City, California News, Sport, Soccer, Rent, Federal Reserve, Donald Trump, Zillow, Southern California


Will rental eviction bans topple homebuying’s recovery?

“The stability of the entire rental housing sector is thrown into question.” Those are not my words, but I concur. Doug Bibby, president of the National Multifamily Housing Council, wonders how his industry will survive after a week that saw California and President Donald Trump temporarily ban evictions, pushing off a landlord’s ability to toss out non-paying tenants until next year. The coronavirus has made the landlord business difficult in numerous ways — and it’s getting worse with no simpl...
Tags: Business, Real Estate, News, California, Cdc, Housing, White House, New York City, California News, Sport, Soccer, Rent, Federal Reserve, Donald Trump, Zillow, Southern California


L.A.-Orange County tenants suffer nation’s 2nd-largest rent hikes

Choose your best solution for Southern California’s rent mess — from construction to caps — because amid all the housing-supply debate, local tenants saw some of the highest rent hikes in the U.S. last year, the Consumer Price Index shows. New inflation data from the Bureau of Labor Statistics shows renters in Los Angeles and Orange counties suffered the second-largest increases in the cost of renting last year — 5.5%. Meanwhile, Inland Empire tenants saw rents up 4.5%, the No. 5 hike. The CPI’s...
Tags: Business, Real Estate, California, Housing, Senate, US, Los Angeles, Sport, Soccer, Bureau of Labor Statistics, San Diego, Bill, Seattle, Orange County, Orange, Southern California