What is CPI and what happened recently?
What is CPI?
The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Inflation is the decline of a given currency's purchasing power over time; or, alternatively, a general rise in prices. So CPI is the most widely used measure of inflation.
What happened recently?
U.S. consumer prices overall rose 0.4% in September, pushing the y-o-y gain to 5.4%. CPI increased slightly more than expected in September as food and energy price rises offset declines in used cars .
"Food and energy are more variable, but that's where the problem is," said Bob Doll, chief investment officer at Crossmark Global Investments. " Hopefully, we start solving our supply shortage problem.”
Recently, the International Monetary Fund warned that the Fed and its global peers should be preparing contingency plans should inflation prove persistent. That would mean raising interest rates sooner than expected to control the price gains.
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
$S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
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Edward Lim : nice
Nicholas Bianchi Edward Lim : Thanks for the input, Ed!
稳中涨 : Very well said
villion68 : Thanks for the great econs..
PY Chua : Good share
Koolgal : Thanks for your well written article. What's your recommendation to inflation proof your portfolio?
Mars-75 : Like
homescape : well written piece of info with pictogram to elaborate.
JT-2021 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
HuatEver : Insightful sharing, Tks.
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