Inflation watch — here's where some of the price jumps happened (source: BLS)

Jerome Cody

The Consumer Price Index rose by 3.2% for the 12 months ending in February, slightly exceeding economists' forecasts and up from January's 3.1%. In February alone, CPI increased by 0.4%, the sharpest monthly rise since September, driven primarily by higher gas prices and consistent increases in shelter costs, accounting for 60% of the monthly increase.

February witnessed a surge in inflation driven by rising gas prices, although other sectors, such as food and housing, experienced a deceleration in price growth. This moderation in specific categories is encouraging for both the Federal Reserve and consumers, suggesting a possible stabilization of the economy despite lingering inflation concerns.

Food prices stayed steady, with groceries and restaurant costs showing minor fluctuations. Despite stable gas prices in March, shelter inflation eased slightly in February, impacting the annual rate, yet private data suggests ongoing rent increases, especially in costly cities. The Federal Reserve may delay rate cuts to assess inflation trends further, though some analysts predict cuts later in the year.

https://edition.cnn.com/2024/03/12/economy/cpi-consumer-inflation-february/index.html

The U.S. Bureau of Labor Statistics will release the Consumer Price Index data on Tuesday, March 12. Investors anticipate a 0.4% rise in the CPI for February, with the annual rate estimated at 3.1%.

https://www.bls.gov/cpi/

The U.S. Bureau of Labor Statistics will release the Consumer Price Index data on Tuesday, March 12. Investors anticipate a 0.4% rise in the CPI for February, with the annual rate estimated at 3.1%.  https://www.bls.gov/cpi/

Happy Valentine’s Day! Are you dressing up for the occasion? Prices for men’s suits, sportscoats, and outerwear were 5.3 percent lower in January 2024 than a year ago. Prices for women’s dresses were 

CPI Home : U.S. Bureau of Labor Statistics

I’m Sam, I’m the curriculum director at Gregorio Perfecto High School in Manila, Philippines. I’ve been an educator and administrator for just over 25 years. Our school is spending a good amount on edtech, but I don’t feel like we’re getting the most out of it. I’d love to learn from everyone what is working for them. Thanks!

For Teachers By Teachers

Edtech Innovation

Science Teachers In Asia

Science is awesome 🧬🦾🚀🤯

REAL Truth

The Most Important Thing

MEDITATION (mindfulness)

Artificial Intelligence

Sam Mendoza

The Consumer Price Index rose by 3.2% for the 12 months ending in February, slightly exceeding economists' forecasts and up from January's 3.1%. In February alone, CPI increased by 0.4%, the sharpest monthly rise since September, driven primarily by higher gas prices and consistent increases in shelter costs, accounting for 60% of the monthly increase.  February witnessed a surge in inflation driven by rising gas prices, although other sectors, such as food and housing, experienced a deceleration in price growth. This moderation in specific categories is encouraging for both the Federal Reserve and consumers, suggesting a possible stabilization of the economy despite lingering inflation concerns.  Food prices stayed steady, with groceries and restaurant costs showing minor fluctuations. Despite stable gas prices in March, shelter inflation eased slightly in February, impacting the annual rate, yet private data suggests ongoing rent increases, especially in costly cities. The Federal Reserve may delay rate cuts to assess inflation trends further, though some analysts predict cuts later in the year.  https://edition.cnn.com/2024/03/12/economy/cpi-consumer-inflation-february/index.html

Higher prices at the gas pump pushed up inflation more than expected in February, according to the latest Consumer Price Index from the Bureau of Labor Statistics.

Prices ticked higher in February, but there’s good news at the grocery store | CNN Business

The Consumer Price Index (CPI) for the 12 months ending in November slightly decreased to 3.1%, while the Core CPI, excluding volatile components, maintained a 4% YoY growth rate, the lowest since September 2021. Actual average hourly earnings grew by an estimated 0.8% annually in November, marking the eighth consecutive month of growth, and the gradual reduction of inflation provides welcome news for the Federal Reserve and Americans.

https://edition.cnn.com/2023/12/12/economy/cpi-consumer-price-index-inflation-november/index.html

The Consumer Price Index (CPI) for the 12 months ending in November slightly decreased to 3.1%, while the Core CPI, excluding volatile components, maintained a 4% YoY growth rate, the lowest since September 2021. Actual average hourly earnings grew by an estimated 0.8% annually in November, marking the eighth consecutive month of growth, and the gradual reduction of inflation provides welcome news for the Federal Reserve and Americans.  https://edition.cnn.com/2023/12/12/economy/cpi-consumer-price-index-inflation-november/index.html

Sometimes boring and predictable can be good things.

Inflation is slowly coming down and no longer outweighing Americans’ wages | CNN Business

👀

Consumers see worsening economy, higher inflation. Consumer sentiments appear to be gloomier than recent economic data. Consumers continued to sour on the economic outlook in November while also growing more pessimistic about future inflation, according to the first estimate from the University of Michigan consumer sentiment survey. The index of consumer sentiment fell 5% to a reading of 60.4, down from 63.8 in October. The current economic conditions index fell to 65.7 from 70.6, and the expectations index fell to 56.9 from 59.3 a month ago. “The long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates,” said Joanne Hsu, the survey’s director. “Ongoing wars in Gaza and Ukraine weighed on many consumers as well.”

https://www.usnews.com/news/economy/articles/2023-11-10/consumers-see-worsening-economy-higher-inflation

Consumer price inflation fell to 3.2% last month, in welcome news for US households and the Fed. The Consumer Price Index rose 3.2% for the 12 months that ended in October, down from 3.7% in September, and clocking in at the lowest annual rate since March 2021, according to Bureau of Labor Statistics data released Tuesday. US consumer price inflation cooled more than expected — after rising for the last two months — sending US stocks sharply higher and providing a touch more solace to Americans who have dealt with painfully high prices the past two years. The Dow was up by more than 500 points by mid-morning, or 1.5%. The S&P 500 gained 2%, on pace for its best day since January; and the Nasdaq Composite added 2.3%, on track for its best day since April. 

https://www.cnn.com/2023/11/14/economy/consumer-price-index-october/index.html

Consumer price inflation fell to 3.2% last month, in welcome news for US households and the Fed. The Consumer Price Index rose 3.2% for the 12 months that ended in October, down from 3.7% in September, and clocking in at the lowest annual rate since March 2021, according to Bureau of Labor Statistics data released Tuesday. US consumer price inflation cooled more than expected — after rising for the last two months — sending US stocks sharply higher and providing a touch more solace to Americans who have dealt with painfully high prices the past two years. The Dow was up by more than 500 points by mid-morning, or 1.5%. The S&P 500 gained 2%, on pace for its best day since January; and the Nasdaq Composite added 2.3%, on track for its best day since April.   https://www.cnn.com/2023/11/14/economy/consumer-price-index-october/index.html

First, the bad news: Prices continue to rise. Now, the good news: They’re doing so at a rate not seen in two years.

Consumer price inflation fell to 3.2% last month, in welcome news for US households and the Fed | CNN Business

👀  Consumers see worsening economy, higher inflation. Consumer sentiments appear to be gloomier than recent economic data. Consumers continued to sour on the economic outlook in November while also growing more pessimistic about future inflation, according to the first estimate from the University of Michigan consumer sentiment survey. The index of consumer sentiment fell 5% to a reading of 60.4, down from 63.8 in October. The current economic conditions index fell to 65.7 from 70.6, and the expectations index fell to 56.9 from 59.3 a month ago. “The long-run economic outlook slid 12%, in part due to growing concerns about the negative effects of high interest rates,” said Joanne Hsu, the survey’s director. “Ongoing wars in Gaza and Ukraine weighed on many consumers as well.”  https://www.usnews.com/news/economy/articles/2023-11-10/consumers-see-worsening-economy-higher-inflation

D J

A group of likeminded people in The Most Important Thing are talking about this.