Inside The Consumer Price Index March 2024 Dshort Advisor Perspectives

Inside The Consumer Price Index March 2024 Dshort Advisor Perspectives Let's do some analysis of the consumer price index, the best known measure of inflation. the bureau of labor statistics (bls) divides all expenditures into eight categories and assigns a relative size to each. the pie chart illustrates the components of the consumer price index for urban consumers, the cpi u. The chart below shows the cumulative percent change in price for each of the eight categories since 2000. not surprisingly, medical care and housing have been the fastest growing categories, growing more than 100% since the turn of the century. at the opposite end is apparel, which has currently shrunk around 1% since 2000 and has even deflated.

Inside The Consumer Price Index March 2024 Dshort Advisor Perspectives The all items index rose 2.5 percent for the 12 months ending august, the smallest 12 month increase since february 2021. the all items less food and energy index rose 3.2 percent over the last 12 months. the energy index decreased 4.0 percent for the 12 months ending august. the food index increased 2.1 percent over the last year. Core cpi excludes the two most volatile components: food and energy. we've highlighted the 2% level that the federal reserve is targeting for inflation, although the fed traditionally uses the personal consumption expenditure (pce) price index as their preferred inflation gauge. in august 2020, fed chairman jerome powell introduced a policy. Inflation cooled for a fourth straight month in july, dropping to its lowest level since march 2021. according to the bureau of labor statistics, the headline figure for the consumer price index fell to 2.9% year over year, lower than the expected 3.0% growth. additionally, core cpi cooled to 3.2% as expected. The consumer price index for all urban consumers (cpi u) declined 0.1 percent on a seasonally adjusted basis, after being unchanged in may, the u.s. bureau of labor statistics reported today. over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment.