Three Economic Reports Today

We had a few important economic reports today. The government said that the CPI rose by 0.2% last month. That was below expectations of 0.3%. The core rate also rose by 0.2%.

The government also reported that retail sales rose 0.6% last month. The rise for May was pared back to 0.2% from the original 0.5%. Excluding autos, retail sales were up 0.7% in June.

Finally, the Fed said that industrial production rose by 0.6% in June. Expectations were for an increase of 0.4%.

Now for some charts. Here’s the monthly change in seasonally adjusted core inflation:

Here’s retail sales:

Here’s industrial production. IP trended down since late 2014, but it may have turned a corner.

Posted by Eddy Elfenbein on July 15th, 2016 at 12:45 pm

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