- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
by Tom Moeller May 17, 2016
The Consumer Price Index strengthened 0.4% (1.1% y/y) during April following an unrevised 0.1% March rise. It was the largest increase since February 2013. The gain matched expectations in the Action Economics Forecast Survey. A 3.4% increase (-8.7% y/y) in energy pries bolstered last month's increase. Food prices also improved 0.2% (0.9% y/y). The CPI excluding both food & energy matched expectations and increased 0.2% (2.1% y/y) after a 0.1% rise.
The increase in energy prices was the largest rise also since February 2013. It was driven by an 8.1% jump (-13.8% y/y) in gasoline prices. Fuel oil prices also rose 1.9% (NSA, -27.5% y/y). Natural gas prices increased 0.6% (-6.5% y/y), but electricity costs fell 0.3% (-2.1% y/y).
Food prices improved 0.2% (0.9% y/y) as cereal & bakery product prices gained 0.3% (0.2% y/y). Meat poultry & fish product prices ticked 0.1% higher, but fruit & vegetable prices declined 0.5% (+2.1% y/y).
Prices for services other than energy increased 0.3% (3.0% y/y) following a 0.2% rise. Recreation services prices rose 0.4% (3.2% y/y) Transportation services prices strengthened 0.7% (3.3% y/y as motor vehicle insurance costs spiked 1.2% (6.0% y/y). Shelter prices gained 0.3% (3.2% y/y) as the owners' equivalent rent of primary residences rose 0.3% (3.1% y/y). Medical care service prices also improved 0.3% (3.1% y/y). The cost of tuition, school fees & childcare care increased 0.2% (3.0% y/y).
Goods prices excluding food & energy eased 0.1% (-0.5% y/y), down for a second straight month. Household furnishings & supplies prices fell 0.4% (-2.0% y/y). Apparel prices were off 0.3% (-0.6% y/y) as were new vehicles prices (0.0% y/y). Medical care commodity prices increased 0.5% (2.7% y/y). Recreation goods prices rose 0.2% (-2.6% y/y), moderated by a 1.3% decline (-8.8% y/y) in video & audio product costs.
The consumer price data is available in Haver's USECON database while detailed figures can be found in CPIDATA. The expectations figure is from Action Economics and is found in the AS1REPNA database.
|Consumer Price Index, All Urban Consumers (%)||Apr||Mar||Feb||Apr Y/Y||2015||2014||2013|
|Total less Food & Energy||0.2||0.1||0.3||2.1||1.8||1.7||1.8|
|Goods less Food & Energy||-0.1||-0.2||0.3||-0.5||-0.5||-0.3||-0.0|
|Services less Energy||0.3||0.2||0.3||3.0||2.6||2.5||2.4|