The U.S. Bureau of Labour Statistics said Friday that higher costs for gasoline, shelter, food and new and used vehicles were the biggest factors in pushing the rate to its highest point since June of 1982.
Canadian data for November is not yet available, but it, too, is expected to rise from the 18-year high of 4.7 per cent it hit last month.
Read more at:
https://www.cbc.ca/news/business/us-inflation-1.6280794
Showing posts with label US Inflation. Show all posts
Showing posts with label US Inflation. Show all posts
8/15/13
US Economy: Cosumer confidence drops - Fed cheap money dries up - US stocks lower
"The unavoidable and eminent third collapse of the market since 2000, will certainly not be the charm the world n needs as euphoria turns to disaster", says Fortune Magazine
"Unfortunately the worst possible outcome will become reality. Investors will leave the game and lose faith in the public market."
"You don't need to be Einstein to understand that when the predominant fundamentals inflating the market are artificial, such as they are today, declines will be less predictable and more devastating".
"Absent of any sustainable fundamentals, a market almost entirely controlled by the central bank and institutional traders, has little attraction for ordinary investors. Those investors will be left holding losses when those in control “deleverage” their risk."
"Don’t be fooled by lazy asset allocators, who use a so called, “diversified approach”. This euphoric asset bubble involves both the stock and bond markets. Security in this kind of balanced portfolio is invalid, and investors will be crushed."
EU-Digest
"Unfortunately the worst possible outcome will become reality. Investors will leave the game and lose faith in the public market."
"You don't need to be Einstein to understand that when the predominant fundamentals inflating the market are artificial, such as they are today, declines will be less predictable and more devastating".
"Absent of any sustainable fundamentals, a market almost entirely controlled by the central bank and institutional traders, has little attraction for ordinary investors. Those investors will be left holding losses when those in control “deleverage” their risk."
"Don’t be fooled by lazy asset allocators, who use a so called, “diversified approach”. This euphoric asset bubble involves both the stock and bond markets. Security in this kind of balanced portfolio is invalid, and investors will be crushed."
EU-Digest
9/15/11
USA Inflation: Consumer prices up 3.8% from a year ago, biggest rise since 2008
The US Fed got some bad news on the economic home-front today : U.S. consumer prices were up more than expected in August, lifting the year-over-year inflation rate to the highest level in three years.
The Consumer Price Index rose 0.4% in August from July, seasonally adjusted. That was double the 0.2% rise that economists had expected in a Bloomberg News survey. Measured from a year earlier the CPI was up 3.8% in August, the biggest year-over-year gain since September 2008 -- just before inflation pressures eased as the economy crumbled.
Price gains last month were “broad-based, with continuing increases in the indexes for gasoline, food, shelter and apparel,” the Bureau of Labor Statistics said in its monthly report. Food prices overall were up 0.5% last month after a 0.4% rise in July. Energy costs climbed 1.2% in August, though that slowed from a 2.8% jump in July.
Apparel costs were up 1.1% last month, used-car prices jumped 0.9% and medical-care services rose 0.3%. Higher rental costs also are biting, as more Americans stay in apartments rather than buy homes. The BLS' rental-cost index rose 0.4% in August, its biggest gain since June 2008.
The “core” CPI, excluding food and energy prices, rose 0.2% last month from the previous month, in line with economists’ forecasts. But that was a slight acceleration from July, and lifted the year-over-year core inflation rate to 2.0% -- the highest since November 2008.
For more: USA: Inflation: Consumer prices up 3.8% from a year ago, biggest rise since 2008 - latimes.com
The Consumer Price Index rose 0.4% in August from July, seasonally adjusted. That was double the 0.2% rise that economists had expected in a Bloomberg News survey. Measured from a year earlier the CPI was up 3.8% in August, the biggest year-over-year gain since September 2008 -- just before inflation pressures eased as the economy crumbled.
Price gains last month were “broad-based, with continuing increases in the indexes for gasoline, food, shelter and apparel,” the Bureau of Labor Statistics said in its monthly report. Food prices overall were up 0.5% last month after a 0.4% rise in July. Energy costs climbed 1.2% in August, though that slowed from a 2.8% jump in July.
Apparel costs were up 1.1% last month, used-car prices jumped 0.9% and medical-care services rose 0.3%. Higher rental costs also are biting, as more Americans stay in apartments rather than buy homes. The BLS' rental-cost index rose 0.4% in August, its biggest gain since June 2008.
The “core” CPI, excluding food and energy prices, rose 0.2% last month from the previous month, in line with economists’ forecasts. But that was a slight acceleration from July, and lifted the year-over-year core inflation rate to 2.0% -- the highest since November 2008.
For more: USA: Inflation: Consumer prices up 3.8% from a year ago, biggest rise since 2008 - latimes.com
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