On April 12, 2022, at 8:30 a.m. Eastern Time, the March 2022 CPI statistics will be announced.
How frequently is inflation data released?
The CPI is calculated by the United States Bureau of Labor Statistics (BLS) on a monthly basis and has been calculated since 1913. It was calculated using the index average from 1982 to 1984 (inclusive), which was set to 100.
Inflation data is published where?
The Consumer Price Index (CPI) and related data on consumer inflation are released on a monthly basis by the Bureau of Labor Statistics. The Consumer Price Index (CPI) tracks variations in the prices Americans pay for common commodities such as coffee and automobiles.
Setting a release date and update time allows everyone to acquire the most up-to-date inflation data at the same time, without giving anyone an advantage that could aid them in the markets or elsewhere.
Notice that the CPI data issued on a given day always covers data from the prior month, as shown in the publication schedule below, which includes upcoming dates through December 2022.
When is the CPI released?
National, regional, and metropolitan-area CPI data are all available. The national (or U.S. City Average) CPI is published by the Bureau of Labor Statistics (BLS) on a monthly basis. Monthly indexes are also provided based on census regions and three large metropolitan areas (Los Angeles, New York City, and Chicago).
What will be the CPI in 2022?
The Consumer Price Index for All Urban Consumers (CPI-U) increased 7.5 percent from January 2021 to January 2022. Since the 12-month period ending in February 1982, this is the greatest 12-month gain. Food costs have risen 7.0 percent in the last year, while energy costs have risen 27.0 percent.
What is the inflation rate for 2021?
The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years.
What will be the rate of inflation in 2022?
According to a Bloomberg survey of experts, the average annual CPI is expected to grow 5.1 percent in 2022, up from 4.7 percent last year.
What is a healthy rate of inflation?
Inflation that is good for you Inflation of roughly 2% is actually beneficial for economic growth. Consumers are more likely to make a purchase today rather than wait for prices to climb.
Is inflation beneficial or harmful?
- Inflation, according to economists, occurs when the supply of money exceeds the demand for it.
- When inflation helps to raise consumer demand and consumption, which drives economic growth, it is considered as a positive.
- Some people believe inflation is necessary to prevent deflation, while others say it is a drag on the economy.
- Some inflation, according to John Maynard Keynes, helps to avoid the Paradox of Thrift, or postponed consumption.