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EEH - Consumer Inflation Continues To Accelerate YoY But So Far No Big Problem
Aktiebolaget Svensk Exportkredit Elements Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas due Augu
The consumer price index for August was reported up +0.4%. This is the third straight big increase. Below I show this plus the more stable consumer prices minus gas (red):
Here’s what the monthly changes look like over the past 10 years:
As you can see, these are at the upper end of monthly inflation increases for the past 10 years.
On a YoY basis, however, inflation is still pretty subdued at 1.3%. Inflation ex-gas is up 2.1%, well in the ordinary range for the past 20+ years: