Inflation in USA
USA - Inflation
Inflation rises to in at highest level since September 2008 in April
Consumer prices rose a seasonally-adjusted 0.77% in April over the previous month, picking up from March's 0.62% rise. April's figure marked the sharpest increase in prices since June 2009. Looking at the details of the release, food prices rose at a quicker pace in April compared to the previous month, while price pressures for transportation also increased robustly.
Inflation came in at 4.2% in April, up from March’s 2.6%. April's result was the highest inflation rate since September 2008—predominately due to a low base effect. Annual average inflation rose to 1.5% in April (March: 1.2%). Lastly, core inflation came in at 3.0% in April from the previous month's 1.6% increase.
Commenting on inflationary pressures ahead, Leslie Preston, a senior economist at TD Economics, noted:
“We expect many of these pandemic related price swings to be transitory. However, other less-affected areas are also seeing sturdy price increases, and April marked the third straight month of accelerating price increases for core services. We expect the acceleration in economic growth will result in a continued pick up in core inflation in the months ahead. But that the pace is unlikely to worry the Fed too much now that it is targeting an average rate that will require an overshoot of 2% in order to make up for past weakness.”
FocusEconomics panelists see inflation averaging 2.3% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022 our panel expects inflation to average 2.1%.
United States - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.1||1.3||2.1||2.4||1.8|
5 years of economic forecasts for more than 30 economic indicators.
United States Inflation Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 12, 2021
Consumer prices rose a seasonally-adjusted 0.77% in April over the previous month, picking up from March's 0.62% rise.
May 7, 2021
Total non-farm payrolls increased by 266,000 in April, missing analysts’ expectations of a 978,000 increase.
April 29, 2021
According to a preliminary GDP estimate released by the Bureau of Economic Analysis, the economy expanded 6.4% in Q1 in seasonally-adjusted annualized terms (SAAR), beating analysts’ expectations of 6.1% growth and accelerating from the previous quarter’s 4.3% rise.
United States: Fed keeps rates at effective floor in April and sustains commitment to expanding its balance sheet
April 28, 2021
At its meeting on 27–28 April, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%.
April 27, 2021
The S&P/Case-Shiller 20-city composite home price index increased 1.2% month-on-month in February, after January’s 0.9% rise.