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Last modified
4/19/2024 10:26:09 AM
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4/19/2024 10:23:29 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/15/2024
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Reso 2024-034 Accepting the Investment Report for the Quarter Ended December 31, 2023
(Amended)
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\City Clerk\City Council\Resolutions\2024
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Inflation <br />0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Consumer Price Index (CPI) <br />CPI YOY % Change <br />Core CPI YOY % Change <br />YOY (%) Change0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Personal Consumption Expenditures (PCE) <br />PCE Price Deflator YOY % Change <br />PCE Core Deflator YOY % Change <br />Fed Target <br />YOY (%) ChangeThe Consumer Price Index (CPI)increased 0.1%month-over-month and 3.1%year-over-year in November,edging down from 3.2%year- <br />over-year in October.The Core CPI,which excludes volatile food and energy components,was up 0.3%month-over-month and 4.0%year- <br />over-year,unchanged from October as expected.Shelter was the largest contributor to November's Core CPI monthly advance, accounting <br />for 70%of the increase.The Personal Consumption Expenditures (PCE)Index eased more than expected in November,as headline <br />inflation fell 0.1%month-over-month and rose 2.6%year-over-year,down from a 2.9%increase in October. Core PCE,the Federal <br />Reserve’s preferred inflation gauge,increased 0.1%month-over-month and decelerated to 3.2%year-over-year in November from a 3.4% <br />year-over-year increase in October. The trend is moderating, but inflation remains above the Fed's 2% target. <br />Source: US Department of Labor Source: US Department of Commerce <br />5
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