News & Insights

Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets.  Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.

News and Views image.

News & Views

Provided by the Investment Professionals of Frost Investment Advisors | May 16 , 2022

Strong CPI, Earnings Beats and Consumer Credit Growth

Inflation is Becoming Engrained in the United States

Last week the Bureau of Labor Statistics reported troubling core inflation, with the April number coming in at 6.2% year over year. The month-to-month change came in two times higher than the previous report and dashed hopes of any near-term relief. Rising prices for hotels, airfares, new vehicles and shelter drove the big increase. Consumers’ shift from goods to services post COVID is also evident, with goods contributing less to the aggregate number while services inflation has risen steadily since late last year. A statistic from Brean Economics captures just how widespread inflation is: “Of the 95 CPI components we can track back to 1998 (which cover 98 percent of the CPI), 63 percent show year-over-year price gains of 6% or more in April, which is the highest share on record.”

Click here to view full article.

Subscribe to our News & Insights

Get the latest posts straight to your inbox