CPI Data Report: No Surprises, Great News for Investing by Martyn Lucas, Investor @MartynLucasInvestorExtra

by | Apr 11, 2024 | Invest During Inflation | 1 comment

CPI Data Report: No Surprises, Great News for Investing by Martyn Lucas, Investor @MartynLucasInvestorExtra




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Annual inflation rate in the US accelerated for a second straight month to 3.5% in March 2024, the highest since September, compared to 3.2% in February and forecasts of 3.4%. Energy costs rose 2.1% (vs -1.9% in February), with gasoline increasing 1.3% (vs -3.9%) while utility gas service (-3.2% vs -8.8%) and fuel oil (-3.7% vs -5.4%) fell less. Also, inflation steadied for food (2.2%) and shelter (5.7%) but rose sharply for transportation (10.7% vs 9.9%) and apparel (0.4% vs 0%). On the other hand, prices declined for new vehicles (-0.1% vs 0.4%) and used cars and trucks (-2.2% vs -1.8%). Compared to the previous month, the CPI rose 0.4%, the same as in February but above forecasts of 0.3%. The index for shelter and gasoline contributed over half of the monthly increase. Meanwhile, annual core inflation was steady at 3.8%, the same as in the previous month, and above forecasts of 3.7%. The monthly rate was also steady at 0.4%, with markets expecting it would slow to 0.3%. source: U.S. Bureau of Labor Statistics

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The latest CPI data report has just been released, and it is bringing great news for investors. The Consumer Price Index measures the average change in prices paid by consumers for goods and services, and it is a key indicator of inflation. The latest report shows that inflation remains well under control, with prices rising at a modest rate.

This is great news for investors, as low inflation means that the purchasing power of their money is being preserved. When inflation is high, it erodes the value of money over time, making it more expensive to buy goods and services. This can be a major concern for investors who are looking to grow their wealth over the long term.

With low inflation, investors can feel more confident about the stability of the economy and the value of their investments. They can also benefit from lower interest rates, which can make borrowing money cheaper and encourage spending and investment.

Overall, the CPI data report is a positive sign for investors. It indicates that the economy is on a stable footing and that there are opportunities for growth and investment. As always, it is important for investors to stay informed about economic trends and data reports, so that they can make well-informed decisions about their investments.

For more insights and tips on investing, be sure to follow Martyn Lucas Investor @MartynLucasInvestorEXTRA on social media. Martyn Lucas is a seasoned investor with years of experience in the financial markets, and he shares valuable insights and advice for investors looking to grow their wealth. Stay tuned for more updates and analysis from Martyn Lucas Investor.

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