Economic Update - 6.10.22
Economic Update - 6.10.22

Featured topics:

  1. Consumer Price Index
  2. Consumer Sentiment
  3. Logistics Managers Index
  4. MBA Mortgage Applications
  5. Workplace Occupancy
  6. Tech Workers and Remote Work
  7. Construction Spending
  8. Yield Curve and Predicted GDP Growth
  9. Special Servicing Rates
  10. CMBS Delinquencies


• Consumer prices rose 8.6% year-over-year through May, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). May’s reading brings inflation back up to its forty-year high last reached in March, reversing what appeared to be declining price pressures in April.

• Prices rose 1.0% month-over-month, jumping from a more modest 0.3% monthly growth rate the month prior. If prices grew at this rate over the course of one year, the annual inflation rate would reach 12.3%.

• Core CPI, which excludes food and energy prices, again accelerated on a month-over-month basis, rising from 0.56% in April to 0.63% in May.

• Energy prices continued their climb in May after moderating slightly in April. Month-over-month, energy prices are up 3.9%. Measured year-over-year, energy prices are up by 34.4% — the worst reading since 2005.