2/15: METROINTELLIGENCE ECONOMIC UPDATE P.Duffy

CPI up 0.5 percent in January and 2.1 percent year-on-year

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January, and was up 2.1 percent year-on-year.  he index for all items less food and energy increased 0.3 percent in January, and was up 1.8 percent year-on-year.

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January retail sales fell 0.3 percent, largest decline in 11 months

Americans cut back on purchases of cars, furniture and a variety of other products in January, pushing retail sales down by 0.3%, the biggest decline in 11 months. The January decline, following no change in December, was the largest setback since a 0.5% fall in February of last year.

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February Business Inflation Expectations steady at 2.0 percent in the year ahead

According to the Atlanta Federal Reserve monthly survey, firms’ inflation expectations were unchanged at 2.0 percent over the year ahead.

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January Small Business Optimism Index jumped two points to 106.9

The Small Business Optimism Index jumped two points to 106.9 in January and set a record with the number of small business owners saying Now Is a Good Time to Expand.

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