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Finance

Beneath the Skin of CPI Inflation: Surging Prices of Food, Housing, Medical Care Meet Plunging Prices of Gasoline & Travel Services

April 10, 2025 Clark Savage

Worst food inflation since 2022. Worst housing inflation in months. But plunging prices for lodging, rental cars, and airfares are interesting. By Wolf Richter for WOLF STREET. In the Consumer Price Index today, month-to-month inflation accelerated further for […]

CPI
Finance

Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023

March 12, 2025 Mariel Alumit

Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in […]

Inflation
Finance

Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy

February 12, 2025 Mariel Alumit

By Wolf Richter for WOLF STREET. Inflation dished out another bad surprise with a big increase in January from December, which wasn’t a surprise because inflation, once it gets going, is known to do that. This time, the […]

Used-Vehicle Prices
Finance

Why Used-Vehicle Prices May Put Upward Pressure on CPI, after Having Been a Powerful Contributor to Cooling Inflation

January 8, 2025 Stu Turley

The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand. By Wolf Richter for WOLF STREET. Used-vehicle prices, which had spiked over the two-year span 2020-2021 by 65% on the wholesale side […]

Inflation
Finance

Beneath the Skin of CPI Inflation: CPI & “Core” CPI Accelerate Further Month-to-Month, 3-Month Averages Heat Up for 4th Month. Year-over-Year, CPI Accelerates for 2nd Month

December 11, 2024 Mariel Alumit

On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase […]

CPI
Finance

Beneath the Skin of CPI Inflation: “Core CPI” Accelerates for 3rd Month on Sharp Flip of Used Vehicle Prices, Sticky Services Inflation. Gasoline Plunged

October 10, 2024 Stu Turley

Surging homeowner insurance and other homeowner costs fuel OER CPI, which is now hotter than rent CPI. By Wolf Richter for WOLF STREET. On a month-to-month basis, the “core” Consumer Price Index – which excludes the volatile food […]

CPI
Finance

Beneath the Skin of CPI Inflation: “Core CPI” Again Accelerates Month-to-Month Fueled by Hot “Core Services” CPI. Durable Goods Prices Drop Further 

September 11, 2024 Stu Turley

Second month-to-month acceleration in a row. Year-over-year, Core CPI and Core Services CPI show first acceleration since March. By Wolf Richter for WOLF STREET. On a month-to-month basis in a most unwelcome development, “core services” re-accelerated for the […]

CPI
Finance

This May Be the End of the Massive Deflation in Used Vehicles that Pushed Down Core CPI: Wholesale Prices Surge for 2nd Month amid Strong Sales Growth & Tight Inventories

September 9, 2024 Andy Del Prado

By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans that were sold at auctions across the US jumped by 1.2% in August from July, seasonally adjusted, the second jump in a row […]

CPI
Finance

Beneath the Skin of CPI Inflation: Broad Month-to-Month Acceleration, Services CPI Bounces Back from Outlier, Plunge in Durable Goods Prices Slows 

August 14, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. On a month-to-month basis, the Consumer Price Index (CPI) and Core CPI accelerated in July. Inflation in core services, which accounts for 65% of total CPI, bounced back from the outlier and […]

Used
Finance

Used Car & Truck Prices Suddenly Bounce, Inventories Tighten: End of Historic Plunge that Pushed CPI Inflation Down?

August 7, 2024 Stu Turley

By Wolf Richter for WOLF STREET. This may be it, the end of the historic plunge of used-vehicle prices that has unwound 60% of the even more historic price spike during the pandemic. The price plunge, which kicked […]

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