Inflation Dominates The Headlines

• September 18, 2022
• realestate
• Announcements, Business & Markets, Interest Rates, Politics & Economy, Rates, Real Estate Finance, Recession, World News, Your Real Estate Life

Major inflationary reports dropped this week, as August’s Consumer Price Index (CPI) and Producer Price Index (PPI) were released.

• CPI came in worse than expected, rising 0.1% from July to August and 8.3% from August 2021. Analysts had anticipated a decrease of 0.1% from July to August.
• Inflation for consumer core prices, which excludes food and energy, rose 0.6% month-over-month, more than the expected 0.3%.
• Better news here – PPI dropped for the second straight month, this time by 0.1% from July to August.
• Producer core goods prices rose 0.2% as global supply chain issues have begun to sort themselves out.

All of this will be part of the conversation at next week’s FOMC meeting, at which Jerome Powell and the rest of the Fed are expected to substantially raise rates once again.