Inflation related to the Iran conflict caused the panel of economists surveyed by Wolters Kluwer to moderate their views on growth and short-term rate cuts. Processing Content The April survey for the Blue Chip Economic Indicators took place before the ceasefire announcement, let alone Friday morning’s release of Consumer Price Index data. The Bureau of […]
War, oil and inflation: What it means for rates Read More »
The escalating cost of wildfires now adds $41 to the average monthly power bill for residential customers of California’s largest utility, according to a government report that calls for a systemic overhaul of how the state responds to conflagrations as climate change-driven disasters threaten its economy. Processing Content That surcharge accounts for 19% of the average Pacific Gas
California utility bills are 20% higher due to wildfires Read More »
Key insight: Inflation accelerated in March, driven primarily by a surge in energy prices since the onset of the U.S. war in Iran. Supporting data: The Consumer Price Index, a monthly indicator of consumer inflation, rose 0.9% in March and 3.3% year on year. Gasoline prices were up 21.2% in March, accounting for three-quarters of
Energy prices drive up inflation by 0.9% in March Read More »