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Consumer Price Index:Historical Releases/2023 December: Difference between revisions
Consumer Price Index:Historical Releases/2023 December (view source)
Revision as of 16:07, 12 January 2024
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Publishing date: January 11, 2024. | Publishing date: January 11, 2024. | ||
== Summary == | |||
{| class="wikitable" | |||
!Variable | |||
!Forecast | |||
!Previous | |||
!Actual | |||
|- | |||
|Core CPI (MoM) | |||
|0.3% | |||
|0.3% | |||
|0.3% | |||
|- | |||
|Core CPI (YoY) | |||
|3.8% | |||
|4.0% | |||
|3.9% | |||
|- | |||
|CPI (MoM) | |||
|0.2% | |||
|0.1% | |||
|0.3% | |||
|- | |||
|CPI (YoY) | |||
|3.2% | |||
|3.1% | |||
|3.4% | |||
|} | |||
* CPI rose 0.3% in December, up from 0.1% in November and above 0.2% estimate. | |||
* Yearly, CPI rose 3.4% on the month, up from 3.1% in November and higher than 3.2% estimate. | |||
* Core CPI rose 0.3% in December, unchanged from November’s figure and in-line with the estimate. | |||
* Yearly, core CPI rose 3.9% lower than 4.0% in November and higher than 3.8% estimate. | |||
* Shelter rose 0.5% on the month (November:+0.4%) and was responsible for more than half of the monthly headline increase. | |||
* Energy prices were up 0.4% in December after being down for two consecutive months. | |||
* Supercore inflation was up by 3.9% on a yearly basis, same as in November but rose 0.4% on the month down from 0.44%. | |||
=== Contributors === | |||
* The shelter index increased 0.5 percent in December, after rising 0.4 percent the previous month, and was the largest factor in the monthly increase | |||
* The motor vehicle insurance index increased 1.5 percent in December, after increasing 1.0 percent the preceding month. | |||
* The used cars and trucks index rose 0.5 percent over the month, after rising 1.6 percent in November. Among other indexes that rose in December were recreation, new vehicles, education, and airline fares. | |||
* The index for household furnishings and operations fell 0.4 percent in December, the same decrease as in November. The personal care index also decreased, falling 0.3 percent over the month. | |||
=== Categories watched by the FED === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
|0.0% | |||
|0.2% | |||
| -0.3% | |||
|0.0% | |||
|- | |||
|Core Services | |||
|0.4% | |||
|5.3% | |||
|0.5% | |||
|5.5% | |||
|- | |||
|Shelter | |||
|0.5% | |||
|6.2% | |||
|0.4% | |||
|6.5% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.4% | |||
|3.9% | |||
|0.44% | |||
|3.87% | |||
|} | |||
[[File:Screenshot 2024-01-12 100704.png|center|thumb|584x584px]] | |||
== CPI expectations == | == CPI expectations == | ||