Tuesday, 25 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Consumer Prices Rise Less Than Forecast as Autos Decline
Thursday, 10 May 2018 19:51 WIB | ECONOMY |CPI Amerika

U.S. consumer prices rose by less than forecast in April as costs for automobiles and airfares declined, reducing chances that inflation will run significantly above the Federal Reserve's target in coming months.

The consumer-price index advanced 0.2 percent from the prior month after a March decline of 0.1 percent, a Labor Department report showed Thursday, compared with the Bloomberg survey median of a 0.3 percent gain. Excluding food and energy, the core gauge was up a below-forecast 0.1 percent from March -- the least since November and 2.1 percent from a year earlier, compared with projections for 2.2 percent. 

Prices for used cars had the biggest monthly drop since 2009 and airfares fell the most in four years. The report suggests inflation isn™t flaring up in a way that would be troublesome for policy makers, despite higher freight costs, a tight labor market and tariffs that are burdening businesses. The Fed is projected to raise rates in June for the second time this year after its preferred gauge of inflation -- a separate consumption-based figure -- reached its 2 percent goal in March.

While rising gasoline prices are pinching Americans' wallets, fuel is providing only a modest boost to the broad CPI, which rose 2.5 percent in April from a year earlier. Seasonally adjusted gas prices rose 3 percent in April from the previous month after a 4.9 percent drop in March, according to the report.

The core CPI reading brought the three-month annualized gain to 1.8 percent, the lowest since July, after 2.9 percent.

The shelter category rose 0.3 percent from the prior month after a 0.4 percent gain. Owners-equivalent rent, one of the categories designed to track rental prices, advanced 0.3 percent. Hotel and motel rates, which had posted an outsize gain in March, rose 0.8 percent in April. 

Investors see the Fed as on track to raise interest rates at its June meeting, with policy makers expecting one or two more additional hikes in 2018. The unemployment rate fell to 3.9 percent in April, the lowest since late 2000, signaling the central bank is near its goal of maximum employment. 

Commerce Department figures released April 30 showed the Fed's separatepreferred gauge of inflation met policy makers' 2 percent target in March for the first time in a year. The preferred core index, seen by officials as a better gauge of underlying inflation trends, was up 1.9 percent from March 2017. 

Wages, which feed into inflation pressures, are growing only moderately even as the job market is tight. A separate report released Thursday by the Labor Department showed average hourly earnings adjusted for inflation rose 0.2 percent from April 2017. 

Source : Bloomberg

RELATED NEWS
U.K. August Retail Sales Unexpectedly Gain in Summer Heatwave...
Thursday, 20 September 2018 15:49 WIB

Penjualan ritel AS secara tidak terduga meningkat bulan lalu karena musim panas terpanas dalam catatan mendorong pembeli untuk keluar. Penjualan naik 0,3 persen dari Juli, dibandingkan dengan estimas...

U.K. Inflation Unexpectedly Accelerates on Theater Prices, Fares...
Wednesday, 19 September 2018 15:53 WIB

Inflasi U.K tanpa diduga meningkat pada bulan Agustus, didorong oleh biaya pertunjukan teater, permainan komputer, tarif transportasi, dan pakaian. Pertumbuhan harga konsumen tahunan naik menjadi 2,7...

Retail Sales Grow By Smallest Amount In Six Months...
Friday, 14 September 2018 19:51 WIB

Pengecer AS membukukan penjualan terlemahnya pada bulan Agustus dalam enam bulan terakhir dan hanya peningkatan pembelian di SPBU yang mencegah penurunan langsung, tetapi mendapatkan dorongan kecil da...

U.S. Core Inflation Unexpectedly Cools on Apparel, Medical Costs...
Thursday, 13 September 2018 19:48 WIB

Pengukur inflasi AS yang mendasari secara tiba-tiba melambat pada bulan Agustus karena harga pakaian mengalami penurunan terbesarnya dalam sekitar tujuh dekade terakhir dan biaya perawatan medis menur...

Producer Prices in U.S. Decline for First Time in 18 Months...
Wednesday, 12 September 2018 19:41 WIB

Harga produsen AS secara tiba-tiba menurun pada bulan Agustus, penurunan pertama dalam 18 bulan terakhir, pada penurunan biaya untuk sektor layanan dan makanan, menurut laporan dari Departemen Tenaga ...

POPULAR NEWS
Gold Expected To Gain Some Luster After Fed

Wall Street and Main Street both look for gold...

Gold Drops Second Day as Trade War, Rate Hike in Focus

Gold declines for second day with trade war...

Asia Stocks Fall as U.S., China's New Tariffs Take Effect

Asian stocks fell for the first time in five...

LATEST NEWS
Hong Kong stocks sink on new trade frictions

Hong Kong shares tumbled on Monday after the US imposed fresh tariffs on $200 billion of Chinese imports and Beijing cancelled planned talks between the two sides. The Hang Seng Index fell 1.62 percent, or 454.19 points, to close at...

Wall St Falls on U.S.-China Trade Tariff Standoff

On Wall Street the S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, dampening last week's hopes for a resolution and investors waited for an interest rate hike ahead of a U.S. Federal Reserve...

Oil Futures Settle Higher, with Global Benchmark Crude at a Nearly 4-Year High

Oil prices rallied on Monday, with Brent marking its highest settlement since late 2014 and U.S. benchmark West Texas Intermediate crude ending at a more than two-month high. At a meeting over the weekend, a committee made up of some members of...