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Consumer Price Index:Historical Releases/2024 March: Difference between revisions
Consumer Price Index:Historical Releases/2024 March (view source)
Revision as of 17:17, 11 April 2024
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Publishing date: April 10, 2024. | Publishing date: April 10, 2024. | ||
== Actuals == | |||
{| class="wikitable" | |||
!Variable | |||
!Actual | |||
!Forecast | |||
!Previous | |||
!Reaction SP500 | |||
|- | |||
|Core CPI (MoM) | |||
|0.4% | |||
|0.3% | |||
|0.4% | |||
| -1% | |||
|- | |||
|Core CPI (YoY) | |||
|3.8% | |||
|3.7% | |||
|3.8% | |||
| | |||
|- | |||
|CPI (MoM) | |||
| 0.4% | |||
|0.3% | |||
| 0.4% | |||
| | |||
|- | |||
|CPI (YoY) | |||
| 3.5% | |||
|3.4% | |||
|3.2% | |||
| | |||
|} | |||
* CPI rose 0.4% in March and 3.5% on a 12-month basis, above 0.3% and 3.4% estimates. | |||
* Core CPI was up 0.4% on a monthly basis and 3.8% from a year ago, exceeding 0.3% and 3.7% estimates. | |||
* Supercore inflation was up 4.77% y/y (11-month high) and 0.65% m/m. | |||
=== Contributions === | |||
Shelter and energy costs, which rose 0.4% and 1.1%, respectively on the month were the main drivers of the headline CPI. | |||
[[File:Fbe9c7da7b4a37a6c6038e09eef71baf3f9aff70.jpeg|center|thumb|651x651px|https://twitter.com/zerohedge/status/1778040186376532466/photo/1]] | |||
[[File:26ede0595832fed48112eaea76f2989f41ab40df.jpeg|center|thumb|651x651px|https://twitter.com/zerohedge/status/1778040186376532466/photo/1]] | |||
==== Super Core Contributions ==== | |||
Most of the supercore increase is due to transportation services again (1.5%M/M). More specifically vehicle insurance (2.6% M/M) | |||
[[File:Ff4817bd958690ab0cca705d9b2aee51b565eb9a 2 690x309.jpeg|center|thumb|690x690px]] | |||
=== By Category === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
| -0.2% | |||
| -0.67% | |||
|0.1% | |||
| -0.3% | |||
|- | |||
|Core Services | |||
|0.5% | |||
| 5.39% | |||
|0.5% | |||
|5.2% | |||
|- | |||
|Shelter | |||
|0.4% | |||
|5.65% | |||
|0.4% | |||
|5.7% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.65% | |||
|4.77% | |||
|0.47% | |||
|4.28% | |||
|} | |||
==== 6M Annualized Trends ==== | |||
[[File:CPI 6M Ann.png|center|thumb|1080x1080px|<ref>https://public.tableau.com/views/Inflation_17077682560160/Sheet2?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link</ref>]] | |||
==== Y/Y Inflation Numbers by Categoty ==== | |||
[[File:CPI Y Y.png|center|thumb|1070x1070px|<ref>https://public.tableau.com/views/Inflation_17077682560160/Sheet2?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link</ref>]] | |||
[[File:89d2c38638805b7f0712bed91d4b0e9f7db3ef25 2 690x394.jpeg|center|thumb|690x690px]] | |||
== CPI expectations == | == CPI expectations == | ||