World Perspectives

Inflation Cleveland Style; Inflation Higher than CPI Indicates

Yesterday the Bureau of Labor Statistics (BLS) released the June Consumer Price Index (CPI) showing a 0.2 percent growth in June, the smallest monthly increase since August 2021. There are a few ways to look at the numbers, however. On the one hand, the 3 percent annual inflation is a big drop from the 9.1 percent annual inflation last June (the highest since November 1981). On the other hand, the “core CPI” which the Fed looks at – which excludes volatile food and energy costs – is up 4.8 percent year over year, enough to keep the Fed hawkish in trying to reach its 2 percent inflation goal.  Indeed, food and energy – especially energy – have been volatile over the past year. Energy inflation was d...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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