Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

Usa. Agosto21. CPI, Consumer Price Index, 5.3%. Indice energetici +25%.

Giuseppe Sandro Mela.

2021-09-15.

2021-09-15__ Consumer Price Index, selected categories 002

«The Consumer Price Index for All Urban Consumers (CPI-U)  …. Over the last 12 months, the all items index increased 5.3 percent before seasonal adjustment»

«The largest increase was the index for meats, poultry, fish, and eggs, which increased 8.0 percent as the index for beef rose 12.2 percent over the year»

«The energy index rose 25.0 percent over the past 12 months»

«The gasoline index rose 42.7 percent over the last year»

«The index for natural gas rose 21.1 percent over the last 12 months»

«The index for used cars and trucks increased 31.9 percent over the span»

«The index for new vehicles rose 7.6 percent»

2021-09-15__ Consumer Price Index, selected categories 001

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Questi sono i macrodati.

Un elemento balza subito alla attenzione.

Gran quota degli aumenti del Cpi sono da ascriversi al costo degli energetici, saliti del 25%. È una inflazione importata dovuta ai sostenuti rincari delle materie prime, sulla quale né il Governo né la Fed hanno una qualche possibilità di azione.

Per questo motivo, apparirebbe essere verosimile che il processo inflattivo prosegua nel tempo, più o meno su questi livelli. Nei fatti, la Harris-Biden Administration e la Fed la devono subire, essendo disarmate contro di esso.

L’unica possibile manovra sarebbe quella di detassare gli energetici, che sono gravati da consistenti tasse ecologiche. Sarebbe poco, ma il poco si conta.

* * * * * * *


Lo U.S. Bureau of Labor Statistics ha rilasciato il Report Consumer Price Index.

«The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.»

«Notices

Starting in January 2022, weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020. The BLS considered interventions, but decided to maintain normal procedures.»

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Consumer Price Index. – August 2021.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in August on a seasonally adjusted basis after rising 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.3 percent before seasonal adjustment.

The indexes for gasoline, household furnishings and operations, food, and shelter all rose in August and contributed to the monthly all items seasonally adjusted increase. The energy index increased 2.0 percent, mainly due to a 2.8-percent increase in the gasoline index. The index for food rose 0.4 percent, with the indexes for food at home and food away from home both increasing 0.4 percent.

The index for all items less food and energy rose 0.1 percent in August, its smallest increase since February 2021. Along with the indexes for household operations and shelter, the indexes for new vehicles, recreation, and medical care also rose in August. The indexes for airline fares, used cars and trucks, and motor vehicle insurance all declined over the month. 

The all items index rose 5.3 percent for the 12 months ending August, a smaller increase than the 5.4-percent rise for the period ending July. The index for all items less food and energy rose 4.0 percent over the last 12 months, also a smaller increase than the period ending July. The energy index rose 25.0 percent over the last 12 months, and the food index increased 3.7 percent; both were larger than the increases for the 12-month period ending July.

                         Food.

The food index increased 0.4 percent in August after larger increases in recent months. The food at home index increased 0.4 percent over the month as four of the six major grocery store food group indexes rose. The index for nonalcoholic beverages increased 1.0 percent in August, its third consecutive monthly increase.

The index for meats, poultry, fish, and eggs rose 0.7 percent over the month as the beef index rose 1.7 percent. The index for other food at home rose 0.6 percent in August after increasing 0.8 percent in July. The index for fruits and vegetables rose 0.2 percent in August after declining in July.

The index for dairy and related products declined in August, falling 1.0 percent after rising in each of the previous 4 months. The index for cereals and bakery products was unchanged in August after increasing 1.2 percent in July.

The food away from home index rose 0.4 percent in August after increasing 0.8 percent in July. The index for limited service meals rose 0.8 percent in August, and the index for full service meals increased 0.6 percent. These increases offset a sharp decline in the index for food at employee sites and schools, which fell 17.0 percent in August.

The food at home index rose 3.0 percent over the past 12 months. Five of the six major grocery store food group indexes increased over the period. The largest increase was the index for meats, poultry, fish, and eggs, which increased 8.0 percent as the index for beef rose 12.2 percent over the year. The only group to decline was dairy and related products, which fell 0.5 percent over the last 12 months. The index for food away from home rose 4.7 percent over the last year. The index for limited service meals rose 6.9 percent over the last 12 months, and the index for full service meals rose 4.9 percent, while the index for food at employee sites and schools declined sharply. 

                         Energy.

The energy index rose 2.0 percent in August, its third consecutive monthly increase. The gasoline index rose 2.8 percent in August after increasing 2.4 percent in July. (Before seasonal adjustment, gasoline prices rose 0.7 percent in August.) The electricity index increased 1.0 percent in August following a 0.4-percent increase the prior month. The index for natural gas also increased in August, rising 1.6 percent; this was its seventh consecutive monthly increase. 

The energy index rose 25.0 percent over the past 12 months as all the major energy component indexes increased. The gasoline index rose 42.7 percent over the last year. The index for electricity increased 5.2 percent, its largest 12-month increase since the period ending March 2014. The index for natural gas rose 21.1 percent over the last 12 months, the largest increase since the period ending August 2008.

                         All items less food and energy.

The index for all items less food and energy rose 0.1 percent in August. Indexes that increased over the month include the index for household furnishings and operations, which increased 1.3 percent as the indexes for furniture and bedding and for appliances rose. The shelter index increased in August, rising 0.2 percent. The indexes for rent and owners’ equivalent rent both rose 0.3 percent over the month, while the index for lodging away from home declined 2.9 percent.

The index for new vehicles continued to rise in August, increasing 1.2 percent after rising 1.7 percent in July. The recreation index rose 0.5 percent in August after increasing 0.6 percent the prior month. The index for medical care rose 0.2 percent over the month; its component indexes were mixed. The hospital services index rose 0.9 percent over the month, while the physicians’ services index was unchanged and the prescription drugs index declined 0.4 percent. The indexes for personal care, for communication, and for apparel all increased in August.

In contrast to these increases, several indexes declined in August. The index for airline fares fell sharply, decreasing 9.1 percent over the month. The index for used cars and trucks declined 1.5 percent in August, ending a series of five consecutive monthly increases. The index for motor vehicle insurance fell 2.8 percent in August, the same decline as in July.

The index for all items less food and energy rose 4.0 percent over the past 12 months. The index for used cars and trucks increased 31.9 percent over the span. The index for new vehicles rose 7.6 percent, the largest 12-month increase since the period ending June 1981. The shelter index increased 2.8 percent over the last 12 months, and the medical care index rose 0.4 percent. The index for physicians’ services rose 3.9 percent and the index for hospital services increased 3.5 percent. The prescription drugs index fell 2.7 percent, one of the few indexes to show a 12-month decline.

                         Not seasonally adjusted CPI measures.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 5.3 percent over the last 12 months to an index level of 273.567 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment. 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 5.8 percent over the last 12 months to an index level of 268.387 (1982-84=100).

For the month, the index rose 0.2 percent prior to seasonal adjustment. 

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 5.1 percent over the last 12 months. For the month, the index increased 0.2 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

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Inflation Eased in August, Though Still High. (WSJ)

Consumer-price index rose 5.3% from a year before as supplies and labor continued to drive up prices.

«Inflation cooled slightly in August but remained strong, as a surge in Covid-19 infections slowed economic growth and pandemic-related shortages of labor and supplies continued to drive up prices.

The Labor Department said last month’s consumer-price index rose a seasonally adjusted 0.3% in August from July, slower than the 0.5% one-month increase in July, and down markedly from June’s 0.9% pace. Prices eased for autos, with used vehicle prices dropping sharply, and hotel rates and airline fares declined in August from July.»

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Surge in U.S. consumer prices slows in August, CPI shows. Has inflation peaked?

The numbers: The cost of living rose in August at the slowest pace in seven months and signaled a big surge in inflation this year may have peaked, but Americans probably aren’t going to get much relief from higher prices anytime soon.

The consumer price index climbed 0.3% last month, the government said Tuesday. Economists polled by The Wall Street Journal had estimated a 0.4% increase.

The rate of inflation over the past year, meanwhile, slipped to 5.3% in August from 5.5% in July, the first slowdown since last October.

Aside from a brief oil-driven spike in 2008, consumer prices have risen this year at the fastest pace in three decades. Consumers are paying more for food, gas, new and used cars and other goods and services.

Another closely watched measure of inflation that omits volatile food and energy rose an even smaller 0.1% in August, compared to a rise of 0.3% in July. That’s the smallest increase since February.

This so-called core rate is closely followed by economists as a more accurate measure of underlying inflation.

The 12-month increase in the core rate fell for the second month in a row to 4% in August, compared to a rise of 4.3% in July, after hitting a 30-year high in June.

Big picture: The big wave in inflation this year is all but certain to crest soon, and perhaps it’s already started. The big debate on Wall Street and in Washington is how much price pressures recede and how long it takes.

The Federal Reserve is sticking to its prediction that the rate of inflation will fall toward its 2% target some time in the next year. Fed officials believe labor and material shortages spawned by the pandemic will fade and ease the upward pressure on prices.

Fed critics contend some inflation is getting ingrained in the economy. They worry inflation will remain well above 2% through next year and potentially pose a threat to the U.S. recovery.

Key details: The cost of food — at groceries and restaurants — rose sharply again in August.

Prices also increased for gasoline, new autos, home furnishings and rent.

Prices fell for airfare, hotels, car insurance and used vehicles.

Fewer people bought airline tickets, perhaps because of kids returning to school and the spread of delta. The cost of flying sank 9.1% and was largely responsible for inflation in August coming in below Wall Street expectations.

The decline in used-car prices was the first in six months. Priced are still up 32% over the past year, but that’s down from a recent peak of 45%.

Both new and used cars are in short supply because of lingering disruptions from the pandemic.

What they are saying? “The hot inflation streak cooled considerably in August, especially with used car prices taking a big drop after inflating CPI for months,” said corporate economist Robert Frick of Navy Federal Credit Union.

“Monthly price increases may be cooling, but the annual rate of inflation remains red hot for now,” said economist Andrew Grantham of CIBC Economics.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

Usa. Luglio21. CPI, Consumer Price Index, +5.4% anno su anno.

Giuseppe Sandro Mela.

2021-08-12.

2021-08-12__ Usa Cpi 002

                         In sintesi.

– Over the last 12 months, the all items index increased 5.4 percent

– The index for limited service meals rose 6.6 percent over the last 12 months

– The energy index rose 23.8 percent over the past 12 months

– The gasoline index rose 41.8 percent since July 2020

– The index for natural gas rose 19.0 percent over the last 12 months

– The index for lodging away from home continued to rise sharply, increasing 6.0 percent in July

– The index for used cars and trucks increased 41.7 percent over the span.

– The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 6.0 percent over the last 12 months

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L’inflazione attuale è retta principalmente dai rincari dei prodotti energetici, in parte a causa degli aumenti delle materie prime, in parte da una tassazione severa.

Ma i rincari delle materie prime sono un problema politico, non finanziario.

La inflazione c’è ed è destinata a rimanere. Jerome Powell potrebbe anche non essere rinnovato.

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Lo US Bureau of Labor Statistis ha rilasciato il Report Consumer Price Index.

                         Consumer Price Index – July 2021.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis after rising 0.9 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment.

The indexes for shelter, food, energy, and new vehicles all increased in July and contributed to the monthly all items seasonally adjusted increase. The food index increased 0.7 percent in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8 percent. The energy index rose 1.6 percent in July, as the gasoline index increased 2.4 percent and other energy component indexes also rose.

The index for all items less food and energy rose 0.3 percent in July after increasing 0.9 percent in June. Along with shelter and new vehicles, the indexes for recreation, for medical care, and for personal care increased in July. The index for used cars also increased in July, but the 0.2-percent advance was much smaller than in recent months. The index for motor vehicle insurance declined in July, and the index for airline fares fell slightly.

The all items index rose 5.4 percent for the 12 months ending July, the same increase as the period ending June. The index for all items less food and energy rose 4.3 percent over the last 12 months, while the energy index rose 23.8 percent. The food index increased 3.4 percent for the 12 months ending July, compared to a 2.4-percent rise for the period ending June.

                         Food.

The food index increased 0.7 percent in July after rising 0.8 percent in June.

The index for food at home also rose 0.7 percent, as the index for meats, poultry, fish, and eggs continued to increase. This index rose 1.5 percent in July; this was its seventh monthly increase in a row and followed a 2.5-percent increase in June. The index for cereals and bakery products, which declined in June, rose 1.2 percent in July, its largest 1-month increase since April 2020. The index for other food at home rose 0.8 percent in July, also the largest monthly increase since April 2020. The index for nonalcoholic beverages rose 0.7 percent in July, and the index for dairy and related products advanced 0.6 percent.

The index for fruits and vegetables was the only major grocery store food group index to fall in July, declining 0.9 percent after rising 0.7 percent in June. The index for fresh fruits fell 1.8 percent over the month.

The food away from home index rose 0.8 percent in July, its largest monthly increase since February 1981. The index for limited service meals rose 1.0 percent in July, and the index for full service meals increased 0.6 percent.

The food at home index increased 2.6 percent over the past 12 months. All six major grocery store food group indexes rose over the span, with increases ranging from 1.1 percent (nonalcoholic beverages) to 5.9 percent (meats, poultry, fish, and eggs). The index for food away from home rose 4.6 percent over the last year. The index for limited service meals rose 6.6 percent over the last 12 months, and the index for full service meals rose 4.3 percent. Both 12-month increases were the largest in the history of the respective series, which were first published in 1998.

                         Energy.

The energy index increased 1.6 percent in July after rising 1.5 percent in June. All the major energy component indexes increased over the month. The gasoline index rose 2.4 percent in July following a 2.5-percent increase in June. (Before seasonal adjustment, gasoline prices rose 2.5 percent in July.) The index for natural gas rose 2.2 percent in July after increasing 1.7 percent in both May and June. The electricity index increased 0.4 percent in July after falling 0.3 percent the prior month.

The energy index rose 23.8 percent over the past 12 months. The gasoline index rose 41.8 percent since July 2020. The index for natural gas rose 19.0 percent over the last 12 months, while the index for electricity increased 4.0 percent.  

                         All items less food and energy.

The index for all items less food and energy rose 0.3 percent in July, its smallest monthly increase in 4 months. The shelter index rose 0.4 percent in July and accounted for over half of the monthly increase in the index for all items less food and energy. The index for rent rose 0.2 percent and the index for owners’ equivalent rent increased 0.3 percent. The index for lodging away from home continued to rise sharply, increasing 6.0 percent in July after rising 7.0 percent in June.

The index for new vehicles rose 1.7 percent in July and has now increased 5.4 percent over the last 3 months. The recreation index rose 0.6 percent in July after increasing 0.2 percent in June. The index for medical care rose 0.3 percent in July after declining in May and June. The index for physicians’ services rose 0.4 percent and the index for hospital services advanced 0.5 percent, while the index for prescription drugs declined 0.1 percent. The index for personal care increased 0.8 percent in July.

The index for used cars and trucks rose 0.2 percent in July after rising at least 7.3 percent in each of the last 3 months. The deceleration in the index was a major factor in the smaller monthly increase in the index for all items less food and energy. The indexes for education, for communication, for tobacco, and for alcoholic beverages all increased in July, while the indexes for household furnishings and operations and for apparel were unchanged.

The index for motor vehicle insurance was one of the few major component indexes to decline in July, falling 2.8 percent after rising in each of the last 6 months. The index for airline fares fell slightly in July, declining 0.1 percent after rising sharply in recent months.

The index for all items less food and energy rose 4.3 percent over the past 12 months. The index for used cars and trucks increased 41.7 percent over the span.

The index for new vehicles rose 6.4 percent, the largest 12-month increase since the period ending January 1982. The shelter index increased 2.8 percent over the last 12 months, and the medical care index rose only 0.3 percent. Few major component indexes declined over the past 12 months.

                         Not seasonally adjusted CPI measures.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 5.4 percent over the last 12 months to an index level of 273.003 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment. 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 6.0 percent over the last 12 months to an index level of 267.789 (1982-84=100). For the month, the index rose 0.5 percent prior to seasonal adjustment.

Pubblicato in: Banche Centrali, Devoluzione socialismo, Stati Uniti

USA. Giugno21. Consumer Price Index, PCI, +5.4% anno su anno.

Giuseppe Sandro Mela.

2021-07-14.

2021-07-14__ Usa PCI 001

L’inflazione che avrebbe dovuto essere temporanea sta invece perdurando.

Non solo.

Avrebbe dovuto scomparire in un amen, mentre invece sta crescendo rigogliosamente.

Lo spettro di Weimar si aggira ruggendo: per il momento azzanna solo qua e là, ma un bel dì morsicherà alla gola.

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2021-07-14__ Usa PCI 002

«Over the last 12 months, the all items index increased 5.4 percent»

«The index for used cars and trucks continued to rise sharply, increasing 10.5 percent in June»

«The energy index rose 24.5 percent over the last 12-months, and the food index increased 2.4 percent»

«The beef index rose 4.5 percent in June, its largest 1-month increase since June 2020»

«The index for limited service meals rose 6.2 percent since June 2020»

«The energy index rose 24.5 percent over the past 12 months»

«The gasoline index rose 45.1 percent since June 2020»

«the index for natural gas rose 15.6 percent»

«The index for used cars and trucks rose sharply for the third consecutive month, increasing 10.5 percent in June»

«The lodging away from home index increased 7.0 percent in June»

«the index for car and truck rental rose 87.7 percent»

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Al momento il processo inflattivo colpisce principalmente i prodotti energetici.

Tuttavia i loro rincari si ripercuotono su di un gran numero di beni e servizi che non potrebbero essere espletati senza il loro uso: si pensi soltanto alla distribuzione capillare, che dipende totalmente dal trasporto gommato.

Il fenomeno inoltre è in crescita: non ci si stupisca quindi se, senza interventi adeguati, a fine anno abbia superato il 10%.

In fondo, l’inflazione è l’unica tassa veramente democratica, che colpisce tutti i cittadini senza distinzione alcuna.

*


US Bureau of Statistics. Consumer Price Index. – June 2021.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today. This was the largest 1-month change since June 2008 when the index rose 1.0 percent. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008.

The index for used cars and trucks continued to rise sharply, increasing 10.5 percent in June. This increase accounted for more than one-third of the seasonally adjusted all items increase. The food index increased 0.8 percent in June, a larger increase than the 0.4-percent increase reported for May. The energy index increased 1.5 percent in June, with the gasoline index rising 2.5 percent over the month.

The index for all items less food and energy rose 0.9 percent in June after increasing 0.7 percent in May. Many of the same indexes continued to increase, including used cars and trucks, new vehicles, airline fares, and apparel. The index for medical care and the index for household furnishings and operations were among the few major component indexes which decreased in June.

The all items index rose 5.4 percent for the 12 months ending June; it has been trending up every month since January, when the 12-month change was 1.4 percent. The index for all items less food and energy rose 4.5 percent over the last 12-months, the largest 12-month increase since the period ending November 1991. The energy index rose 24.5 percent over the last 12-months, and the food index increased 2.4 percent.

                         Food.

The food index increased 0.8 percent in June, as did the food at home index; both indexes rose 0.4 percent in May. As in May, the food at home increase was mostly due to the index for meats, poultry, fish, and eggs, which increased 2.5 percent over the month. The beef index rose 4.5 percent in June, its largest 1-month increase since June 2020. The index for fruits and vegetables rose 0.7 percent in June after being unchanged in the preceding month. The nonalcoholic beverages index increased 0.9 percent in June after declining 0.5 percent in May. The index for other food at home rose 0.2 percent in June, as did the index for dairy and related products.

In contrast to these increases, the index for cereals and bakery products was the only one of the six major grocery store category indexes to decline in June, falling 0.3 percent over the month after increasing 0.5 percent in May.

The food away from home index rose 0.7 percent in June following a 0.6-percent increase in May. The index for full service meals rose 0.8 percent, its largest monthly increase since last June. The index for limited service meals increased 0.6 percent in June. 

The food at home index increased 0.9 percent over the past 12 months. All six major grocery store food group indexes increased, but the index for fruits and vegetables was the only one to rise more than 0.8 percent; increasing 3.2 percent.

The index for food away from home rose 4.2 percent over the last year, the largest 12-month increase in that index since the period ending in May 2009. The index for limited service meals rose 6.2 percent since June 2020 and the index for full service meals rose 4.1 percent over the last 12 months. The index for food at employee sites and schools declined sharply over the last year, falling 29.9 percent.

                         Energy.

The energy index increased 1.5 percent in June after being unchanged in May. The gasoline index rose 2.5 percent in June after falling 0.7 percent in May. (Before seasonal adjustment, gasoline prices rose 2.2 percent in June.) The index for natural gas increased 1.7 percent in June, as it did in May. The electricity index, in contrast, fell 0.3 percent following a 0.3-percent increase the prior month.

The energy index rose 24.5 percent over the past 12 months. The gasoline index rose 45.1 percent since June 2020. The index for electricity increased 3.8 percent over the last year, while the index for natural gas rose 15.6 percent.

                         All items less food and energy.

The index for all items less food and energy rose 0.9 percent in June following a 0.7-percent increase in May. The index for used cars and trucks rose sharply for the third consecutive month, increasing 10.5 percent in June. This was the largest monthly increase ever reported for the used cars and trucks index, which was first published in January 1953. The shelter index rose 0.5 percent in June. The index for rent rose 0.2 percent and the index for owners’ equivalent rent increased 0.3 percent, the same increases as in May. The lodging away from home index increased 7.0 percent in June.

The index for new vehicles rose 2.0 percent in June, that index’s largest 1-month increase since May 1981. The motor vehicle insurance index increased 1.2 percent over the month. The index for airline fares rose 2.7 percent in June after increasing 7.0 percent the previous month. The index for apparel increased 0.7 percent in June following a 1.2-percent rise in May. The recreation index and the education index each rose 0.2 percent over the month.

The index for household furnishing and operations fell 0.1 percent in June after rising 1.3 percent in May. The index for communication was unchanged for the month.

The medical care index declined 0.1 percent in June, as it did in May. Medical care component indexes were mixed. The index for prescription drugs declined 0.2 percent in June after falling 0.3 percent in May. The hospital services index increased 0.2 percent, while the physicians’ services index rose 0.3 percent in June. 

The index for all items less food and energy rose 4.5 percent over the past 12 months. The index for used cars and trucks increased 45.2 percent, the largest 12-month change ever reported for that index. The index for new vehicles rose 5.3 percent over the past 12 months, its largest 12-month increase since the period ending January 1987. The motor vehicle insurance index increased 11.3 percent in the last year, while the index for car and truck rental rose 87.7 percent over that period. The shelter index increased 2.6 percent over the last 12 months. The medical care index rose 0.4 percent over the past 12 months, its smallest 12-month increase since the period ending March 1941.