Industrial Production and CPI

We had two key economic reports this morning.

First, the Federal Reserve said that industrial production rose by 0.7% last month. That’s the biggest increase since November 2014. IP rose by 0.4% in June. For manufacturing, output rose by 0.5%. That was its biggest jump in more than a year.

Notice that IP had been falling from November 2014 to March 2016, but that trend appears to be over.

The other report said that the CPI was unchanged last month which matched expectations. In the last year, consumer prices have risen by 0.8%.

The “core rate” rose by 0.1% last month. It’s up 2.2% in the last year.

Here’s the monthly seasonally-adjusted core rate:

Posted by Eddy Elfenbein on August 16th, 2016 at 10:26 am

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