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Here comes the Consumer Price Index …
The Bureau of Labor Statistics will release its monthly Consumer Price Index (CPI) at 8:30 a.m. ET.
CPI is a gauge of inflation, but the Federal Reserve prefers to use the personal consumption expenditures price index, which tracks what consumers actually buy more comprehensively.
Here’s a preview of CPI from Wells Fargo’s Sam Bullard:
Consumer prices fell in March for the first time in more than a year, largely due to a drop in gasoline prices. Also contributing to the soft March reading was a 0.1% drop in the core index, the first monthly decline in more than six years. An unusually large drop in the cost of wireless telephone services was the prime culprit, as was an easing in shelter inflation. We expect both the headline and core indices to bounce back in April, keeping consumer inflation close to the Fed’s two percent target.
Economists forecast that the basket of consumer goods, which reflects price changes, rose by 0.2% in April from March, according to Bloomberg. Compared to the prior year, they forecast a 2.3% increase.
When the volatile costs of food and energy are excluded, so-called core retail sales are forecast to have increased by 0.2% month-on-month, and 2% year-on-year.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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The Bureau of Labor Statistics will release its monthly Consumer Price Index (CPI) at 8:30 a.m. ET.
CPI is a gauge of inflation, but the Federal Reserve prefers to use the personal consumption expenditures price index, which tracks what consumers actually buy more comprehensively.
Here’s a preview of CPI from Wells Fargo’s Sam Bullard:
Consumer prices fell in March for the first time in more than a year, largely due to a drop in gasoline prices. Also contributing to the soft March reading was a 0.1% drop in the core index, the first monthly decline in more than six years. An unusually large drop in the cost of wireless telephone services was the prime culprit, as was an easing in shelter inflation. We expect both the headline and core indices to bounce back in April, keeping consumer inflation close to the Fed’s two percent target.
Economists forecast that the basket of consumer goods, which reflects price changes, rose by 0.2% in April from March, according to Bloomberg. Compared to the prior year, they forecast a 2.3% increase.
When the volatile costs of food and energy are excluded, so-called core retail sales are forecast to have increased by 0.2% month-on-month, and 2% year-on-year.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2q96Bg6
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Here comes the Consumer Price Index … dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/here-comes-consumer-price-index.html
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