U.S. Consumer Price Index Unchanged in May 2024

By Tom Burnett CFA On June 12, 2024, the Bureau of Labor Statistics released its CPI report for May, 2024. The CPI was unchanged after an increase of 0.3% in April. The May figure was the lowest monthly figure for the year thus far. Over the past 12 months, the CPI is up 3.3%. down...

By Tom Burnett CFA On June 7, 2024, the Bureau of Labor Statistics issued its May Employment Report. The employed total increased by 272,000, above the 233,000 monthly average gain over the past 12 months. The unemployment rate rose from 3.9% to 4.0%. That rate has now been measured at 4.0% or lower…

By Tom Burnett CFA On May 15, 2024, the Bureau of Labor Statistics released its CPI report for April. The Index rose by 0.3% from the previous month. Over the prior 12 months, the CPI increased by 3.4%. The Energy Index rose by 1.1% and the Food Index declined by 0.2% in the month. The...

By Tom Burnett CFA On May 3, 2024, the Bureau of Labor Statistics released its Employment Report for April. Total nonfarm payroll employment rose by 175,000 jobs, less than the 242,000 average gain over the previous 12 months. The unemployment rate was 3.9%, continuing its range of 3.7%-3.9% which began…

By Tom Burnett CFA On April 16, 2024, the International Monetary Fund (“IMF”) released its quarterly estimates for global GDP growth.  The new figure is now 3.2% for 2025, an increase from 3.1% in its January release and from 2.9% in its release  from last October.  World Consumer Prices are now…