Global| Jan 14 2018OLD TT --U.S. CPI Moderates Overall; Core Inflation Picks Up
by:Tom Moeller
|in:Economy in Brief
Summary
The Consumer Price Index ticked 0.1% higher (2.1% y/y) during December, moderating from a 0.4% November rise. Prices excluding food & energy accelerated, however, posting a 0.3% rise (1.8% y/y ). That's the strongest increase since [...]
The Consumer Price Index ticked 0.1% higher (2.1% y/y) during December, moderating from a 0.4% November rise. Prices excluding food & energy accelerated, however, posting a 0.3% rise (1.8% y/y ). That's the strongest increase since January 2017. The overall CPI gain matched expectations in the Action Economics Forecast Survey. A 0.2% increase had been expected for prices excluding food & energy....................
The consumer price data can be found in Haver's USECON database with additional detail in CPIDATA. The Action Economics survey figure is in the AS1REPNA database.
| Consumer Price Index, All Urban Consumers (% chg) | Jan | Dec | Nov | Jan Y/Y | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Total | 0.1 | 0.4 | 0.1 | 2.1 | 2.1 | 1.3 | 0.1 |
| Total less Food & Energy, | 0.3 | 0.1 | 0.2 | 1.8 | 1.8 | 2.2 | 1.8 |
| Goods less Food & Energy | 0.2 | -0.1 | 0.1 | -0.7 | -0.7 | -0.5 | -0.3 |
| Services less Energy | 0.3 | 0.2 | 0.3 | 2.6 | 2.7 | 3.1 | 2.6 |
| Food | 0.2 | 0.0 | 0.0 | 1.6 | 0.9 | 0.3 | 1.9 |
| Energy | -1.2 | 3.9 | -1.0 | 6.9 | 7.9 | -6.6 | -16.7 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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