The official CPI measure of inflation picked up in March to +0.5% on the previous year.
Chart of the Week: Week 37, 2015: US Monetary History
The US Federal Reserve are meeting today and tomorrow to discuss monetary policy, and whether they will raise the Federal Funds Target Rate which has been at 0%-0.25% since 2009.
Chart of the Week: Week 32, 2015: UK Real Earnings Growth
The labour market statistics released this morning showed regular average earnings (excluding bonuses) growing by 2.8% in the second quarter of the year (compared to Q2 2014).
Chart of the Week: Week 12, 2015: UK Essentials Inflation
For the first time since they started recording the CPI measure of inflation, the rate of price growth has fallen to 0% (for February).
Chart of the Week: Week 32, 2014: The American Recovery
In contrast to the UK recovery (covered by last week’s chart), the US economy has been looking very positive for a while now.
Chart of the Week: Week 14, 2014: Cost of Essentials
After last week’s chart on wages compared to inflation, we received plenty of correspondence asking whether CPI is the best measure for the cost of living.