Really not seeing any major shifts, although the Minnesota margin widened ever so slightly. Still too difficult to read.
The unadjusted polls indicate no major shifts.
Really not seeing any major shifts, although the Minnesota margin widened ever so slightly. Still too difficult to read.
The unadjusted polls indicate no major shifts.
My electricity usage over time. I track many things to monitor my inflation versus the CPI.
This week's full report.
Gasoline fell -3.3¢ for the week, but remains +7.2¢ from year ago level. Consumption did edge up again per this past report.
Advance Monthly Sales for Retail and Food Services, April Report.
Advance estimates of U.S. retail and food services sales for April 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.2 billion, virtually unchanged (±0.4 percent)* from the previous month, but up 3.0 percent (±0.5 percent) above April 2023. Total sales for the February 2024 through April 2024 period were up 3.0 percent (±0.5 percent) from the same period a year ago. The February 2024 to March 2024 percent change was revised from up 0.7 percent (±0.5 percent) to up 0.6 percent (±0.1 percent).
Retail trade sales were virtually unchanged (±0.4 percent)* from March 2024, but up 2.7 percent (±0.5 percent) above last year. Nonstore retailers were up 7.5 percent (±1.6 percent) from last year, while food services and drinking places were up 5.5 percent (±2.1 percent) from April 2023.
WOW! The revisions were substantial and long term...
On to the Real Earnings.
There seems to be a downward trend, across the board, even with downward revisions of previous months data. An increase of 2¢ from February, 2020. It is important to adhere to that timing, as it was before the disruption of the workforce, cue to covid.
First up is the BLS Report for CPI...(historical releases)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.
The index for shelter rose in April, as did the index for gasoline. Combined, these two indexes contributed over seventy percent of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home index declined 0.2 percent, while the food away from home index rose 0.3 percent over the month.
Here is the unadjusted CPI for the past 12 months...
The BLS has released the April, 2024 Producer Price Index Report. (historical releases)
The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for final demand moved up 2.2 percent for the 12 months ended in April, the largest increase since rising 2.3 percent for the 12 months ended April 2023.
Nearly three-quarters of the April advance in final demand prices is attributable to a 0.6-percent increase in the index for final demand services. Prices for final demand goods moved up 0.4 percent.
The index for final demand less foods, energy, and trade services moved up 0.4 percent in April after rising 0.2 percent in March. For the 12 months ended in April, prices for final demand less foods, energy, and trade services increased 3.1 percent, the largest advance since climbing 3.4 percent for the 12 months ended April 2023.
PPI Final Demand...
Really not seeing any major shifts, although the Minnesota margin widened ever so slightly. Still too difficult to read. The unadjusted poll...