Mon - Fri 8:00am-4:45pm (216) 771-3450
Mon - Fri 8:00am-4:45pm (216) 771-3450

Day

September 21, 2022

Inflation remains elevated, but there are several indicators that suggest it will likely continue to decelerate on a rate of change basis.

The headline Consumer Price Index number came in at 8.3% y/y for the month of August. While still at elevated absolute levels, it was a rate of change deceleration from 8.5% in July and 9.0% in June. On a m/m basis, CPI accelerated 0.12%, following -0.02% in July. Food prices accelerated 11.4% y/y, but the...
Read More