A Closer Look at Inflation

Despite softening, inflation remains high, as illustrated in last week’s Personal Consumption Expenditures data.

The U.S. Bureau of Labor Statistics has published these graphs showing the Producer Price Index from January 2022 to January 2023. For the year ended January 2023, prices for transportation and warehousing increased 11.3%. Food prices soared 11.6%, and energy prices increased 10.4%.

Meanwhile, Visual Capitalist has published this infographic showing consumer price changes since 2000. 3/1/2023