Deputy Seminar, Denver, CO

Prices: Still talk of Deflation/Inflation? (source: Bureau of Labor Statistics) • CPI rose by 0.2% in May after having been down up 0.2% and down by 0.1% in April and March. • Core CPI rose 0.2% in May – after rising by 0.1% and 0.2% in two previous months. • Overall CPI up 2.8% over last 12 months. Core up 2.2% over same period. • Energy component was up by 0.9% last month and up by 11.7% over the last 12 months • “Core PCE” – 1.8% over L12M, 2.0% over L6M.

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

Crude Oil: West Texas Intermediate (Source: US Energy Information Administration)

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CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018