Research
Featured topics:
- Consumer Price Index
- Producer Price Index
- Commercial Property Price Index
- Return-To-Normal: Shopping
- Office to Apartment Conversions
- Renter Migration Trends
- The Construction Labor Market
- Job Openings And Labor Turnover Survey (JOLTS)
- Cross-Border Investment
- Tech Markets To Watch
1. CONSUMER PRICE INDEX
• Consumer prices posted an 8.5% year-over-year increase through March, its fastest annual pace since December 1981, according to the Bureau of Labor Statistics. Month-over-month, prices rose 1.2%.
• Energy continues to place the most upward pressure on prices, rising by 32.0% since March 2021. The impact of the Russia-Ukraine War and the ratcheting-up of Western sanctions on Russian oil exports in the past several weeks saw energy prices rise by 11.0% month-over-month in March— dwarfing recent months of data.
• Food prices for American consumers also continue to rise, posting a 1.0% rise for the secondconsecutive month. This threshold has only been reached twice since 1990— during the height of the Great Financial Crisis and at the pandemic’s onset in April 2020.
• Prices excluding food and energy have climbed by 6.5% over the past 12-months but saw a noteworthy slowdown in upward movement during March, rising by just 0.3% in the month after five-consecutive months of +0.5% increases
