June 2018 Consumer Price Index
Submitted by Atlas Indicators Investment Advisors on July 25th, 2018
Americans face many health risks. Overindulge at Pie Parties, diabetes could become an issue. Spend too much time in the sun, skin cancer might develop. Sleep deprivation leaves people less responsive to stimuli, making nearly every activity more dangerous. Fortunately, there is a remedy for the last issue, more shut-eye.
Costs rose at an accelerating pace for producers and wholesalers in May 2018 according to the Bureau of Labor Statistic’s Producer Price Index. After rising just 0.1 percent in April, this price proxy jumped 0.5 percent. Compared to a year ago, this indicator is 3.1 percent higher, marking the fast year-over-year uptick since January 2012 when it reached the same level. <
America’s economy keeps churning out jobs. According to the Bureau of Labor Statistics, firms added 223,000 net new jobs in May 2018, following April’s downwardly revised count of 159,000 (originally 164,000). Additionally, the unemployment rate fell one-tenth of a percentage point to just 3.8 percent, matching the lowest level since 1969.
Prices fell for consumers during March 2018 according to the Bureau of Labor Statistics’ Consumer Price Index. Versus a month earlier, this popular measure of inflation fell 0.1 percent after rising 0.2 percent in February. Despite the monthly decline, the year-over-year statistic increased to 2.4 percent from 2.2 percent.