◀ The Principal Blog

Inflation: back from the grave



Over the last few years, headline inflation, which includes food and energy prices, has been running well below normal. Eurozone headline consumer price index (CPI) inflation has been below 2% since 2013 and was at or below zero for most of 2015 and early 2016. U.S. headline CPI inflation was below…

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December jobs report – 2016 closes with strong U.S. payroll numbers



The Department of Labor reported on Friday that 156,000 jobs were added in December, slightly below expectations, but still a strong number. The best news in the report was wage growth, which grew at a pace of 2.9% year-over-year, and is the largest gain since 2009. The unemployment rate did tick…

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