It's been awhile since last post, as I have been very busy.
First up, the CPI report. My personal CPI was 2.4%, which matched the CPI-U. The CPI-W edged up to 2.2%, and the forecast of COLA jumped up quite a bit.
Yep the forecast numbers have moved upward. Likely to continue upward movement, as the jump in crude prices, will likely shove the index up +0.05%.
The PPI edged up and got some publicity, which was lacking the previous 2 down months. In any case, the PPI stands at 148.072, compared to last month's 147.884. It had peaked in February at 148.347.
As alluded to earlier... crude prices are jumping, with the likelihood of soon seeing a 10¢ a gallon rise at the pump. How much higher is dependent upon the Middle East, at this point.
The next report of interest, will be the advance retail sales. Projections have that number slipping a bit, which is not inflation adjusted. Therefore a bit lower than the projection.
