Tuesday, August 16, 2016

CPI & Inustrial Production

Today we received CPI and Industrial Production numbers.

CPI overall came in flat with 0.0% change. However excluding Food and Energy prices rose 0.8% in the last year.  Basically food and energy are dragging down consumer prices. Or in other words we are seeing some deflation in this sector still.

We actually have been getting good results on the Industrial side of our economy.  After taking another dip at the beginning of the year production has continued to increase in the spring and summer. In fact the 0.7% increase was the largest since November 2014. Since that time industrial production was hitting a rough patch as it faced off with a stronger dollar, and some slow downs overseas. It appears that pressure has abated somewhat for now.

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