ScholarLens Back to search
2007•Economic TrendsRequires access

May Price Statistics

Michael Bryan, Linsey Molloy

Open publisher page 0 citations

Abstract

The CPI rose 8.1 percent (annualized rate) in May, pushed up, in part, by a 67.8 percent increase in energy components. Over the past three months, the CPI is up 4.9 percent. The CPI excluding food and energy (core CPI) increased 2.5 percent in May, rising at a rate above all its longer-term trends and following a 1.3 percent increase in April. Like the CPI, import prices have been affected by oil prices—albeit to a greater extent—as the import price index for all commodities rose 30.9 percent in May and 35.4 percent over the past three months. Unfortunately, it is not just oil prices that are rising. The nonpetroleum import price index increased 6.6 percent during the month and is up almost 13 percent over the past three months. The export price index rose 3.9 percent in May, somewhat more subdued than its longer-term trends.

About this research paper

What this paper is about

The CPI rose 8.1 percent (annualized rate) in May, pushed up, in part, by a 67.8 percent increase in energy components. Over the past three months, the CPI is up 4.9 percent. The CPI excluding food and energy (core CPI) increased 2.5 percent in May, rising at a rate above all its longer-term trends and following a 1.3 percent increase in April. Like the CPI, import prices have been affected by oil prices—albeit to a greater extent—as the import price index for all commodities rose 30.9 percent in May and 35.4 percent over the past three months. Unfortunately, it is not just oil prices that are rising. The nonpetroleum import price index increased 6.6 percent during the month and is up almost 13 percent over the past three months. The export price index rose 3.9 percent in May, somewhat more subdued than its longer-term trends.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The CPI rose 8.1 percent (annualized rate) in May, pushed up, in part, by a 67.8 percent increase in energy components. Over the past three months, the CPI is up 4.9 percent. The CPI excluding food and energy (core CPI) increased 2.5 percent in May, rising at a rate above all its longer-term trends and following a 1.3 percent increase in April. Like the CPI, import prices have been affected by oil prices—albeit to a greater extent—as the import price index for all commodities rose 30.9 percent in May and 35.4 percent over the past three months. Unfortunately, it is not just oil prices that are rising. The nonpetroleum import price index increased 6.6 percent during the month and is up almost 13 percent over the past three months. The export price index rose 3.9 percent in May, somewhat more subdued than its longer-term trends.

Key concepts: Economics, Core inflation, Price index, Wholesale price index, Index (typography), Producer price index, Inflation (cosmology), Consumer price index (South Africa)

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
May Price Statistics — Research Paper | ScholarLens