Groups Most Affected by Rising Prices
Hardest Hit Sectors in an Inflationary Environment Industries and Individuals Facing the Brunt of Inflation Vulnerable Populations Impacted by Inflationary Pressures Economic Segments Experiencing the Greatest Inflationary Impact The Impact of Inflation on Consumer Prices in the United States If you’re a regular reader of this site you know that we cover inflation pretty extensively. […]
Inflation has increased by 2.9% compared to the previous year.
The U.S. Bureau of Labor Statistics has recently released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.2% increase in July 2024. Over the past 12 months leading up to July, the index has risen by 2.9%. One significant contributor to this increase was the 0.4% rise in […]
Inflation is currently recorded at a year-over-year rate of 3.7%
The U.S. Bureau of Labor Statistics has released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in September 2023. The overall index showed a 3.7% increase for the 12 months leading up to September, which was the same as the previous month. The rise in the index […]
Builder confidence is undermined by high mortgage rates.
High mortgage rates are a contributing factor to the weakening of builder confidence. The NAHB has reported that builder confidence in the market for newly built single-family homes has dropped below the key break-even measure of 50 for the first time in five months due to persistently high mortgage rates. According to the National Association […]
Housing Costs are the Leading Increase in Inflation
[ad_1] The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. The all items index was up 6% for the 12 months ending in February. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all […]