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Overall CPI Up 0.5 Percent in July; Higher Car Prices Still Driving Inflation
Most of the inflation is either bounce back or temporary disruptions, mostly with cars.
Publications
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PREVIEW: What to Look for in the July Consumer Price Index
There is some evidence that the car market may be getting closer to normal.
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Economy Adds 943,000 Jobs in July; Unemployment Falls to 5.4 Percent
The number of unincorporated small businesses is almost 800,000 above the 2019 average.
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Preview: What to Look for in July Jobs Report
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Overall CPI Up 0.9 Percent in June Driven by Bounce Back and Cars
Cars alone account for more than half of inflation. A big jump in car and energy prices pushes the core and overall CPI up 0.9 percent in June.
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PREVIEW: What to Look for in the June Consumer Price Index
Prices in June will still be correcting from the sharp plunges in many areas during the pandemic. This means. . .large price increases in hotels, airfares, and apparel, with prices in all three sectors well below their pre-pandemic level.
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Economy Adds 850,000 Jobs in June; Unemployment Edges Up to 5.9 Percent
Black teen unemployment falls to another record low, falling to 9.3 percent.
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PREVIEW: What to Look for in the June Jobs Report
In June, we are likely to see job growth that is somewhat faster than the 540,000 average of the last three months.
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Overall CPI Up 0.6 Percent Driven by Bounce Back and Car Shortages
The story this month is overwhelmingly that bounce back inflation was 100 percent predictable, coupled with soaring car prices (both new and used) due to temporary shortages.
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PREVIEW: What to Look for in the May Consumer Price Index
The big uncertainty in the May report will be the index for used cars.
