It's time for a cost-of-living checkup.
Assessments of U.S. consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks.
The July Consumer Price Index reading will land Wednesday. The cost-of-living measure ticked down in June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated. The conflict has curtailed oil shipments in the Hormuz and Bab el-Mandeb Straits, sending energy prices higher and putting upward pressure on other prices.
The CPI remains high by historic standards, as does the Producer Price Index, which tracks wholesale inflation. The July PPI reading is due Thursday; The index dipped in June after surging in May. Rising wholesale costs can be a sign that consumer prices will climb as businesses pass rising expenses along.
Retail and consumer sentiment data comes out Friday. Consumer spending increased slightly in June, and the public mood recently brightened a bit, according to the University of Michigan's Survey of Consumer Sentiment. Savings rates, however, hit a four-year low, and developments including chatter about an AI bubble and new tariffs may have shifted consumers' outlook.
#sentiment #rising
Assessments of U.S. consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks.
The July Consumer Price Index reading will land Wednesday. The cost-of-living measure ticked down in June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated. The conflict has curtailed oil shipments in the Hormuz and Bab el-Mandeb Straits, sending energy prices higher and putting upward pressure on other prices.
The CPI remains high by historic standards, as does the Producer Price Index, which tracks wholesale inflation. The July PPI reading is due Thursday; The index dipped in June after surging in May. Rising wholesale costs can be a sign that consumer prices will climb as businesses pass rising expenses along.
Retail and consumer sentiment data comes out Friday. Consumer spending increased slightly in June, and the public mood recently brightened a bit, according to the University of Michigan's Survey of Consumer Sentiment. Savings rates, however, hit a four-year low, and developments including chatter about an AI bubble and new tariffs may have shifted consumers' outlook.
#sentiment #rising
3 months ago
