With expectations of a 4%-plus print, all eyes are on this morning’s CPI report as we move past April’s shutdown-related distortions.
Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023…
Core Goods prices deflated in May while Energy remains a notable contributor…
CPI details:
Headline: The all items index rose 4.2 percent for the 12 months ending May, after rising 3.8 percent for the 12 months ending April. The all items less food and energy index rose 2.9 percent over the year, following a 2.8-percent increase over the 12 months ending April. The energy index increased 23.5 percent for the 12 months ending May. The food index increased 3.1 percent over the last year
- The index for energy rose 3.9% in May, after rising 3.8% in April and 10.9% in March. The energy index accounted for over 60% of the monthly all items increase. The index for shelter also increased in May, rising 0.3 percent.
- The food index increased 0.2% over the month as the food at home index rose 0.1% and the food away from home index increased 0.3%.
This is the first deflationary print for goods prices in a year…
- Household furnishings and Supplies -0.042%
- Transportation Commodities less motor oil: -0.49%
- Medical Care Commodities -0.54%
Join a Union for a livable wage. Sure you will pay dues but take home is way more than that. The bottom line is, there is strength in numbers and you will have the ability to buy a home and live comfortably with a good retirement benefit for later years.