Tag Archive for: consumer price index

Rates Shooting Way Up Soon – Here’s Why

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With respect to inflation, we could see an apparent “resurgence” tomorrow when Consumer Price Index (CPI) numbers are released. This is because the CPI report will be for July and the comparisons are year-over-year, meaning that July of 2023 will be compared to July of 2022. And because July of 2022 was a very low reading, July of 2023 could come in relatively high. This is precisely the opposite of what happened with May’s report, which compared a very high April of 2022 number to April of 2023.Read More

Inflation and Interest Rates Plummet! It Won’t Last; Takeaways

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Consumer Price Index (CPI) numbers were released today, and interest rates plummeted in response. “Headline CPI” fell to only 0.18% month-over-month (comparing June to May), and to only 3.0% year-over-year […]Read More

Disinflationary Trend Continues Despite Oil and Autos! WHOOAA!

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I have been touting the May 10th Consumer Price Index Report (for April inflation numbers) for months now in blogs and in my talks. I touted it with so much fanfare because Barry Habib has been doing so for good reason: The April of 2022 reading was high, so it made it much more likely that April of 2023 would look much better in a “year-over-year” comparison.Read More

Rates Fell 1/2% … Almost.

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The Most Important News Report Of The Year Dropped Today! The most important news report was today’s inflation data, as depicted in the Consumer Price Index (CPI) report. It is […]Read More