(Dis)Inflation, New Home Construction, & More
Week in Review: Nov. 13-17
After a week during which there was little news, this one was a blockbuster. The big one was inflation data, of course, though we also learned more about retail sales, new home construction, and more.
Gas prices fell for an eighth consecutive week and are down to $3.47/gallon. That’s the lowest price since February’s end. The plunge from more than $4.00/gallon during mid-September to the current price represents massive savings for consumers.
Diesel prices fell sharply and, at $4.29/gallon, are $1.02/gallon cheaper than during the same week last year.
TSA Checkpoint Travel Numbers
The number of people passing through TSA security rebounded sharply last week and is now more than 9% above 2019 levels. That gap should widen over the next week; AAA forecasts that this will be the busiest Thanksgiving weekend for air travel in 18 years.
Consumer Price Index
Keep reading with a 7-day free trial
Subscribe to Sage Economics to keep reading this post and get 7 days of free access to the full post archives.