Latest Inflation Data

It all comes down to inflation and interest rates. We are watching very carefully to see if the economy continues to show signs of resilience. As time goes on, we are beginning to rethink our perspective that a shallow recession is in the cards. More and more, a soft landing seems to be likely. A recent article by CNBC outlined the strength of inflation and inflationary pressure. You can read excerpts here.

***

Begin quote 

“Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high, suggesting inflation may be a bit stickier than it seemed just a few months ago, economists said.

The consumer price index, a key inflation gauge, rose 3.5% in March from a year ago, the U.S. Labor Department reported Wednesday. That’s up from 3.2% in February.

CPI measures how fast prices are changing across the U.S. economy. It measures everything from fruits and vegetables to haircuts, concert tickets and household appliances.

Here's the inflation breakdown for March 2024 — in one chart
These are some of the core categories, plus other items with notable year-over-year price changes.

End quote 

Source: 
https://www.cnbc.com/2024/04/10/heres-the-inflation-breakdown-for-march-2024-in-one-chart.html 

***