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.
Inflation is Sticking Around
In a surprise to the markets, consumer prices moved up 0.5% month over month, 6.4% year over year. Prices excluding shelter reversed from a fall of 0.2% last month to a rise of 0.4%, a change driven by higher food and energy prices. Core CPI was up 0.4% (5.6% year over year) and 0.2% excluding shelter. There were some standouts, with prices of used cars and medical services falling in this report. The recent trend of falling goods prices reversed, rising 0.1%.
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