We will have to wait to see if these create an economic trend. Business manages often follow these trends but must wait a few months to see what the data shows. My suspicion is that some of these numbers will come down as the economy settles into a homoeostasis. As we have seen economic projections are often as wrong as they are correct. What is an economic trend?
The blog discusses current affairs and development of national economic and social health through unique idea generation. Consider the blog a type of thought experiment where ideas are generated to be pondered but should never be considered definitive as a final conclusion. It is just a pathway to understanding and one may equally reject as accept ideas as theoretical dribble. New perspectives, new opportunities, for a new generation. “The price of freedom is eternal vigilance.”—Thomas Jefferson
Wednesday, May 15, 2024
CPI in April 2024 Rises .3%-What is an economic trend?
The Consumer Price Index Rises .3% in April which is down from .4% in March. Shelter and Gas accounting for 70% of the increase while motor vehicle insurance, medical care, apparel, and personal care were less. The indexes for used cars and trucks, household furnishings and operations, and new vehicles decreased over the month. ( I also feel car insurance seems to always be high. A problem that we have not fixed.) April 2024 CPI Release BEA
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