CPI Watchtower

Consumer Confidence Hits New High in November 2024 The University of Michigan’s Consumer Sentiment Index climbed to 71.8 in November 2024, marking the fourth consecutive month of improvement. This upward trend reflects a growing sense of optimism among Americans about the economic future. Key Highlights: Continued Momentum: Since July 2024, the steady rise in consumer sentiment highlights increasing economic stability and consumer confidence. Impact of Recent Events: While the recent presidential election might have influenced the sentiment boost, the overall upward trajectory suggests deeper shifts in public confidence. Optimistic Outlook: Consumers remain hopeful about economic conditions in the months ahead, fueling the sentiment index's consistent growth. What’s Driving the Confidence? Lower Inflation Rates: Falling inflation has eased cost-of-living pressures, giving consumers more purchasing power. Strong ...

Inflation Holds Steady: November CPI Report November 2024 CPI: A Month-over-Month and Year-over-Year Analysis The latest Consumer Price Index (CPI) report for November 2024 revealed a headline figure of 316.441, marking a slight increase from the previous month's reading of 315.454. While this month-over-month change indicates a modest uptick in inflation, the year-over-year comparison paints a more nuanced picture. Month-over-Month Analysis Modest Increase: The CPI rose by 0.987 points from October to November 2024. Continued Price Pressure: Although the month-over-month increase is relatively small, it suggests that inflationary pressures persist, albeit at a tempered pace. Year-over-Year Analysis Softening Inflation: Compared to November 2023, the CPI increased by 5.95%. While this represents a deceleration from previous years, it still indicates a significant level of inflation. Lingering Price Pressures: Despite the easing of inflationary pressures, prices continue to rise...