Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Silver lining for consumers: Food price growth has gone flat and other prices are falling

by admin May 15, 2024
May 15, 2024
Silver lining for consumers: Food price growth has gone flat and other prices are falling

Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other services have continued to climb.

Among the broadest categories tracked by the consumer price index, or CPI, two of the ones most acutely felt by consumers — food and energy prices — hit 2.2% and 2.1% on a 12-month basis in March, respectively.

That’s essentially in line with the Federal Reserve’s 2% goal.

Within those categories, food at home — essentially, groceries — climbed just 1.2%, while gasoline prices climbed 1.3%.

‘Food is a notable bright spot,’ said Neil Dutta, head of economic research at Renaissance Macro Research.

In spite of the positive trends, progress in reducing overall CPI has stalled. Economists generally agree it’s mostly because the cost of rent has remained elevated, but there remains disagreement about how soon slowing rent growth will start to appear in the CPI.

Even as the Fed and other economists have preached patience, the upshot has been a CPI that has remained stuck between 3% and 4%, above the Fed’s 2% target, for more than a year.

On Wednesday, the Bureau of Labor Statistics will release CPI data for April, with 12-month expectations for a reading virtually unchanged from March’s 3.5%. Once again, rent growth is expected to keep the CPI elevated.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
$SPY FLAGS NEW “GO” TREND IN THE FACE OF DEFENSIVE STRENGTH
next post
Amazon Web Services CEO Adam Selipsky to step down

Related Posts

Retail crime ‘queenpin’ to pay millions in restitution...

January 24, 2025

FDA declares cucumber-linked Salmonella outbreak over after 155...

August 27, 2024

An interest rate cut is coming. Here’s what...

August 11, 2024

CFPB rule to save Americans $10 billion a...

May 10, 2024

AMD launches AI chip to rival Nvidia’s Blackwell

October 11, 2024

NFL open to private equity team ownership of...

July 12, 2024

‘People are stretched’: Average consumer now carries $6,329...

August 9, 2024

American Airlines flight attendants ratify new contract with...

September 19, 2024

Tariffs would be ‘catastrophic’ for sales of tequila...

February 15, 2025

Wall Street expects Trump presidency will unlock deal-making

November 9, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • US sanctions Palestinian Authority officials after rejecting global push to give it control of Gaza

      August 1, 2025
    • US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

      August 1, 2025
    • Banned chemicals found in American shampoo, sunscreen and tampons across major brands

      August 1, 2025
    • Homesick GOP senators mull throwing out the rules over stonewalling Dems

      August 1, 2025
    • Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

      August 1, 2025

    Categories

    • Business (1,046)
    • Investing (2,743)
    • Politics (3,370)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved