{"id":1004152714,"date":"2016-09-19T05:28:17","date_gmt":"2016-09-19T13:28:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152714"},"modified":"2022-12-08T20:56:43","modified_gmt":"2022-12-09T04:56:43","slug":"economy-watch-price-hikes-modest-household-worth-up","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-price-hikes-modest-household-worth-up\/","title":{"rendered":"Economy Watch: Price Hikes Modest, Household Worth Up"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004152717\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004152717\" data-attachment-id=\"1004152717\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-price-hikes-modest-household-worth-up\/screen-shot-2016-09-19-at-9-25-29-am\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png\" data-orig-size=\"681,336\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screen Shot 2016-09-19 at 9.25.29 AM\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Bureau of Labor Statistics, Consumer Price Index, August 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png?w=681\" loading=\"lazy\" class=\"size-medium wp-image-1004152717\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png\" alt=\"Source: Bureau of Labor Statistics, Consumer Price Index, August 2016\" width=\"300\" height=\"148\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png 681w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png?resize=300,148 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004152717\" class=\"wp-caption-text\">Source: Bureau of Labor Statistics, Consumer Price Index, August 2016<\/p><\/div>\n<p>Inflation is still a fairly modest consideration for the U.S. economy, though in some ways, it was a bit higher in August. <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" target=\"_blank\" rel=\"noopener\">The Bureau of Labor Statistics<\/a> reported on Friday that the Consumer Price Index increased 0.2 percent in August. Over the last 12 months, the all items index rose only 1.1 percent.<\/p>\n<p>Energy and food didn&#8217;t drive even the modest increase in prices in August, and the overall price of energy and food was actually unchanged in August. The price of natural gas was up, but declines in\u00a0gasoline and fuel oil prices offset that. As for food, the price of at-home food declined for the fourth month in a row, offsetting an increase in the price of food away from home.<\/p>\n<p>Take food and energy out of the equation, and prices were up 0.3 percent in August, with the price of shelter (rents, mainly) and medical care advancing. Prices in a lot of other categories were down, such as for used cars and trucks, household furnishings and operations, recreation and airline fares. Even so, the CPI less food and energy rose 2.3 percent for the 12 months ending August, higher than in recent months.<\/p>\n<p>The modest level of inflation, along with <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-household-income-posts-record-growth-in-2015\/\" target=\"_blank\" rel=\"noopener\">last week&#8217;s report about income gains<\/a> for U.S. households, ought to be encouraging news for retailers and their landlords going toward the holiday season. In theory at least, as households feel richer, they tend to spend more.<\/p>\n<p>Also good news: separately on Friday, the <a href=\"https:\/\/www.federalreserve.gov\/releases\/z1\/current\/z1.pdf\" target=\"_blank\" rel=\"noopener\">Federal Reserve reported<\/a> that the net worth of U.S. households and nonprofits rose to $89.1 trillion during the second quarter of 2016. As a percent of GDP, household net worth is now higher than the peak in 2006, which was the peak of housing bubble.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modest inflation as well as recent income gains for U.S. households should be encouraging news for retailers going into the holiday season.<\/p>\n","protected":false},"author":1023,"featured_media":1004152717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004152714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Price Hikes Modest, Household Worth Up - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-price-hikes-modest-household-worth-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Price Hikes Modest, Household Worth Up\" \/>\n<meta property=\"og:description\" content=\"Modest inflation as well as recent income gains for U.S. households should be encouraging news for retailers going into the holiday season.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-price-hikes-modest-household-worth-up\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-19T13:28:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:56:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/Screen-Shot-2016-09-19-at-9.25.29-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"681\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Price Hikes Modest, Household Worth Up\",\"datePublished\":\"2016-09-19T13:28:17+00:00\",\"dateModified\":\"2022-12-09T04:56:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/Screen-Shot-2016-09-19-at-9.25.29-AM.png\",\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-price-hikes-modest-household-worth-up\\\/\",\"name\":\"Economy Watch: Price Hikes Modest, Household Worth Up - 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