News

Inflation Rate Remains Low; Interest Rate Hike Expected

Q4_CPI_TableYear-to-year, the CPI rose from 1.14% in 2013 to 1.32% in 2014. The CPI for fourth quarter went steeply in the opposite direction, from 1.42% to 0.65%, primarily due to the dramatic decrease in gas prices.

“It’s very positive that we are seeing good economic growth while inflation numbers stay fairly benign,” says Grant Forsyth, Avista’s Chief Economist.

Looking ahead, Washington Trust Bank’s Chief Investment Officer, Steve Scranton, does not expect inflation to rise appreciably in 2015, although he says medical premiums and food costs are expected to go up.

Shaun O’L. Higgins, Managing Principal at The Oxalis Group, LLC, concurs. “While the annualized CPI of 1.32% in 2014 was a bit higher than in 2013, it was still slower than 2012’s rate of 1.67%. In our region, inflation is no problem now, and signs are, it will not be one in 2015.”

Share

Leave a Comment

Related Articles

November 9, 2023

Greater Spokane Incorporated (GSI), the preeminent voice for business development in the Spokane region, proudly announces its participation in a collective effort with the U.S. …

GSI Joins U.S. Chamber of Commerce in Urging Congress to Protect R&D Jobs Read More »

Posted in: Public Policy

November 8, 2023

Nearly 500 people attended the 2024 Economic Forecast at the Spokane Convention Center. With uncertainty in the air, it was nice to see the data …

Economic Forecast Presents Risks and Opportunities Ahead for 2024 Read More »

November 7, 2023

By Joey Gunning, Strategic Growth Manager, Greater Spokane Inc. “We are on the cusp of unprecedented change.” Those were the words of Lightcast CEO, Chris …

Spokane Tech Transformations: Embracing AI and Shaping the Workforce of Tomorrow Read More »

Scroll to Top