Commentary Here’s a thing I like to do on the day of Labor Department data releases. I read the actual release and look at the data and trend lines, then look at the details and see what’s driving the trend. I make a general judgment and write an imaginary headline. Then I check in the…
You Call This Easing Inflation?
February 14, 2023
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexCPIFederal ReserveGreat ResetinflationOpinionrecessionU.S. economy
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Inflation Persists as Consumer Prices Remained Above Expectations in January
The U.S. annual inflation rate eased to 6.4 percent in January, down from 6.5 percent in December, according to the Bureau of Labor Statistics (BLS). This was higher than economists’ expectations of 6.2 percent. The core inflation rate, which excludes the volatile energy and food sectors, slowed to 5.6 percent year over year last month,…
On Why Inflation Will Not Drop Fast
Commentary The U.S. CPI data released last week met expectations completely, whether overall or core, year-over-year (YoY), or month-over-month (MoM). Expectations are not anything important but numbers submitted by economists. What matters more is the trend. While the overall numbers are falling thanks to subdued energy prices, the core ones are somehow mixed. The latest…
China Consumer Inflation Accelerates in Dec; PPI Falls With Soft Demand
BEIJING—China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. Economists expect inflation to continue to pick up in the first quarter of 2023. The consumer price index (CPI) in December was 1.8 percent higher than a year earlier, rising faster than the…
China Consumer Inflation Accelerates in December; PPI Falls With Soft Demand
BEIJING—China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity. Economists expect inflation to continue to pick up in the first quarter of 2023. The consumer price index (CPI) in December was 1.8 percent higher than a year earlier, rising faster than the…
To Say That Inflation Is Fine Is an Illusion
January 12, 2023
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Commentary It’s CPI day today, with all the predictable blather and nonsense about how what you absolutely know to be true is certainly not true because the experts say otherwise. This keeps happening these days: we know one thing—in this case that our purchasing power is being slammed—but regime spokesmen keep saying we are wrong….
Lumps of Coal in This Year’s Christmas Stockings?
As Americans anticipate the arrival of the holidays, it appears that many households may struggle to fill their family’s Christmas stockings this year. A new poll released on Thursday reveals that 82 percent of American respondents of likely voters have been negatively affected by inflation and higher costs. More than half that number describe themselves as…
UK Inflation Dips but Soaring Prices Keep Pressure on Households
The UK’s inflation rate dropped in November but British households remain under pressure from soaring prices, the latest official data show. According to data from the Office for National Statistics (ONS), the Consumer Prices Index (CPI) inflation fell to 10.7 percent in November. It marks a welcome drop from the eye-watering 11.1 percent seen in…
How and When Will This Inflation End?
December 13, 2022
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexCPIFederal ReserveinflationOpinionrecessionU.S. economy
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Commentary Can the press stop saying that inflation is “easing” please? It’s getting ridiculous. The Consumer Price Index came in at 7.1 percent from a year ago. That’s terrible. Yes, not as terrible as last month but look at the breakdown in detail. Food at home was up 10 percent and food at restaurants up…
ECB Likely at Fault for Uncontrolled Inflation in Euro Area
Commentary While the U.S. year-on-year inflation is declining, inflation in the Eurozone is still not under control. Why is that so? The global market exhibited a strong rebound after the release of U.S. CPI (Consumer Price Index) inflation data. The ease of inflation was well expected months ago; our column articles in June projected inflation…
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