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The Federal Reserve should ignore inflation and focus on jobs — Quartz

May 13, 2021
Consumer prices, from used cars to airline tickets, shot up in the US last month. But some economists think policy makers in Washington can and should ignore seemingly eye-popping inflation data, and worry instead about the recovery in the labor market.
The consumer price index (CPI), which measures what people pay for goods and services like clothing and restaurant meals, soared 4.2% in April from a year before, the biggest increase in more than a decade, according to a Labor Department report yesterday. The so-called core price index, which excludes prices on food and energy, and can be more volatile, jumped 3% in April from a year before. ....

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Why the inflation rate doesn't tell the whole story – all it takes is a spike in a category like used cars to cause consumer prices to soar

The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that's unlikely. ....

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HCM City's CPI slightly up in April | Business | Vietnam+ (VietnamPlus)

Consumers choose fruits at a supermarket (Photo: VNA)
HCM City (VNA) - The consumer price index (CPI) in Ho Chi Minh City inched up 0.001 percent in April against March, according to the city’s Statistics Office.
The average CPI for the first four months of 2021 rose 1.4 percent compared to last year’s average.
Among the groups of products and services in the
CPI basket, increases were seen in beverages and tobacco 0.37 percent; garment-textile, headwear and footwear 0.06 percent; equipment and household appliances 0.14 percent; and transportation 0.99 percent.
Meanwhile, restaurant and catering services fell 0.02 percent against the previous month.
The group of housing, electricity, water, and construction materials saw a contraction of 0.29 percent. This included reductions of 0.08 percent in electricity prices, 3.36 percent in clean water price, and 4.87 percent in cooking gas and fuel prices due to adjustments in petrol prices. ....

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Retail inflation rises to 5.03 pc in Feb, January IIP contracts 1.6 pc

Retail inflation rises to 5.03 pc in Feb, January IIP contracts 1.6 pc
ANI |
Updated: Mar 12, 2021 18:16 IST
New Delhi [India], Mar 12 (ANI): Retail inflation in February rose to 5.03 per cent, according to data released by the government on Friday.
The consumer price index (CPI) based inflation was 4.06 per cent in January 2021, said an official statement released by the Ministry of Statistics and Programme Implementation.
Food inflation jumped to 3.87 per cent in February as compared to 1.89 per cent in the previous month.
Meanwhile, the Index of Industrial Production (IIP) shrank by 1.6 per cent for January. Industrial output rose by 1 per cent in December 2020 and grew by 2 per cent in January 2020. ....

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MIDF Research: Malaysia records CPI-registered deflation after decades | Money

KUALA LUMPUR, Jan 22 The Covid-19 pandemic pushed Malaysia’s Consumer Price Index (CPI) to drop 1.2 per cent in 2020, a fall that was never observed for decades, said MIDF Research. The research house said the last time Malaysia had a deflation in CPI was in 1965 with a tepid fall of -0.1 per. ....

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