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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (8589)9/15/1999 1:53:00 PM
From: Wally Mastroly  Read Replies (2) of 15132
 
More CPI data for FED cogitations:

biz.yahoo.com

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Excerpts:

The U.S. Department of Labor reported a CPI increase of 0.3% in August, in line with expectations and marking a 2.2% increase for the past 12 months versus a 1.6% for the comparable past 12 months period in 1998.

On an annualized basis, the CPI is on track to increase 2.6% for 1999 compared to a 1.6% rise in 1998.

The core CPI (CPI less food and energy costs) rose 0.1% in August, below expectations and lower than the 0.2% increase during July. For the past 12 months, the core CPI rose 1.9%, down from a 2.4% rise in 1998. On an annualized basis, the (core) CPI is on track to increase 1.6% for 1999, its lowest reading since 1965 when the core CPI rose 1.5%.

The core CPI increased 2.4% in 1998.

Energy costs continue to be responsible for most of this year's advance in the CPI. After rising 2.1% in July, Energy costs rose 2.7% during August and have risen 15.4% on an annualized basis through August.
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