Inflation Projections For November

Rising food prices and falling gasoline prices are indeed what we are likely to see when the November Consumer Price Index data is published. Inflation and deflation will be present, just as they ultimately have been present for quite some time within the data.

That consumer price data frequently shows such bipolar behavior is a reminder that there are many layers within that data, and to properly understand the data we have to peel back all of those layers. We have to look at the individual details to truly understand the data overall.

Links And Sources

1. Cleveland Federal Reserve InflationNow Nowcast https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting

2. Consumer Price Inflation Year On Year https://fred.stlouisfed.org/graph/?g=1BL94

3. Consumer Price Inflation Month on Month https://fred.stlouisfed.org/graph/?g=1BL9d

4. Brent Crude and West Texas Intermediate Futures (January Contract) https://archive.ph/sQVCZ

5. Reformulated Gasoline Futures (January Contract) https://archive.ph/ZMS7c

6. AAA National Average Gas Prices https://gasprices.aaa.com/

7. EIA Weekly Gas and Diesel Prices https://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm

8. GasBuddy Retail Gas Prices https://www.gasbuddy.com/charts

9. Food Price Inflation Month On Month https://fred.stlouisfed.org/graph/?g=1BL8O

10. Commodities Indices https://archive.ph/i4W26

11. S&P Flash Manufacturing PMI https://tradingeconomics.com/united-states/manufacturing-pmi

12. S&P Flash Services PMI https://tradingeconomics.com/united-states/services-pmi