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Headline PCE price index inflation rose by 0 34 percent m m 4 2 percent annualized All goods PCE price index inflation fell by 0 17 percent m m o Durable goods PCE price index inflation rose by 0 21 percent...o Nondurable goods PCE price index inflation fell by 0 38 percent m m Core PCE inflation rose by 0 42 percent m m 5 1 percent annualized Core PCE price index inflation excludes the more volatile food and...price index inflation has risen by 2 85 percent o The Federal Reserve s 2 percent target refers to core PCE price index inflation Given y y and m m core PCE inflation exceeds 2 percent inflation continues...

January The seasonally adjusted SA data attempts to account for these changes so that we can make month to month comparisons However seasonal adjustments aren t perfect and the economy is always changing in...January This probably helps explain the substantial increase we saw this year September 2023 PCE Inflation Report Republican Staff Commentary Additional context December s substantial data revision 117K...opening and closing These changes are applied to the 11 months prior to March 2023 the benchmark month and the 9 months afterward This means that most jobs data from April 2022 through December 2023 have...

312 in excess annual medical costs over the same time period 228 An analysis of Cawley et al s inflation adjusted data indicates that per patient obesity healthcare costs grew at an annual rate of around...to substantial increase over longer periods of time This rate of increase is included along with inflation adjustments in forecasting the future cost of obesity related healthcare JEC economists combine...to inhibit their widespread use Without insurance these drugs can be expected to cost around 900 a month 251 Finding ways to reduce these costs whether it be through greater competition in prescription drug...

2023 averaging 56K month For historical comparison 2010 2020 saw overall government employment increase by 2K month on average and the long term trend from 1939 2020 averaged 20K month The growth in 2023...largely due to job gains in state education avg 13K month local government education avg 13K month and non education local government avg 15K month The education sectors are still below their pre pandemic...Announcement 2 30 PM Fed Chairman Powell Presser Feb 02 8 30 AM Employment Situation Legend m m month over month q q quarter over year y y year over year SA seasonally adjusted SAAR seasonally adjusted annual...

CPI U inflation increased 0 44 percent m m The food price index increased 0 02 percent m m The energy index increased 2 3 percent m m Core CPI U inflation increased 0 36 percent m m Core inflation excludes...over year inflation Headline CPI U inflation increased 3 2 percent y y o The food price index increased 2 2 percent y y o The energy price index decreased 1 9 percent y y Core CPI inflation increased 3...January 2021 Headline CPI U inflation has increased 18 6 percent o The food price index increased 21 0 percent o The energy price index increased 34 6 percent Core CPI U inflation increased 16 9 percent Real...

CPI U inflation increased 0 1 percent m m The food price index increased 0 2 percent m m The energy index decreased 2 3 percent m m Core CPI U inflation increased 0 3 percent m m Core inflation excludes...over year inflation Headline CPI U inflation increased 3 1 percent y y o The food price index increased 2 9 percent y y o The energy price index decreased 5 4 percent y y Core CPI inflation increased 4...production and non supervisory employees increased 1 0 percent y y Since January 2021 Headline CPI U inflation has increased 17 2 percent o The food price index increased 20 2 percent o The energy price index...

Headline PCE Inflation printed at 0 17 percent m m All goods PCE inflation printed at 0 18 percent m m o Durable goods PCE inflation printed at 0 4 percent m m o Nondurable goods PCE inflation printed at...at 0 06 percent m m Core PCE inflation printed at 0 17 percent m m The annualized value of December s m m core inflation is 2 06 percent Core PCE inflation has been similarly mild since June 2023 except...12 months Headline PCE inflation has risen 2 60 percent Core PCE inflation has risen 2 93 percent o The Federal Reserve s 2 00 percent inflation target refers to core PCE inflation o Notably year over year...

employment increased by 150K jobs o Government payroll employment increased by 49K jobs o The previous two month s estimates were revised downward by 35K jobs net 35K decrease in September no aggregate change in...rate of 173K month since they peaked at 12M in spring 2022 DEEPER DIVE Follow this link to deeper analysis on the JEC website All estimates are seasonally adjusted September 2023 PCE Inflation Report Republican...Staff Commentary Nov mber 20 3 Employment Report Republican Staff Commentary September 2023 PCE Inflation Report Republican Staff Commentary Nov mber 20 3 Employment Report Republican Staff Commentary...

TIPS Treasury Inflation Protected Securities These are a type of U S Treasury security designed to help investors protect against inflation The principal of a TIPS increases with inflation and decreases...

Month over month are seasonally adjusted Year over year values are non seasonally adjusted January 2024 Consumer Price Index Released February 13 2024 Headline CPI U inflation increased 0 3 percent m m...increased 0 4 percent m m The energy index decreased 0 9 percent m m Core CPI U inflation increased 0 4 percent m m Core inflation excludes food and energy prices which tend to be more volatile Real average...Year over year inflation Headline CPI U inflation increased 3 1 percent y y The food price index increased 2 6 percent y y The energy price index decreased 4 6 percent y y Core CPI inflation increased 3 9...