Consumer Price Index:Historical Releases/2024 May: Difference between revisions

Consumer Price Index:Historical Releases/2024 May (view source)

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 ==CPI expectations==
 Some developments during the month: (more details: [[Consumer Price Index]])
-*Lack on progress with wages, which surprise to the upside again in May 2024.
+*Lack of progress with wages, which surprised to the upside again in May 2024.
-*Oil and Gasoline had a declined during may 2024 after a fre month of increases, being down 6.1% m/m and -0.23% m/m, respectively.
+*Oil and Gasoline declined during May 2024 after a few month of increases, being down 6.1% m/m and -0.23% m/m, respectively.
 *Food Index had the third consecutive month of increases with a 0.9% m/m increase, but still down 3.4% Y/Y.
 *Supply chain index remains stable
-*Housing prices recorded an increase of 1.2% m/m during april, reaching 6.5% Y/Y. Rents also increased by 0.5% m/m, down 0.8% y/y.
+*Housing prices increased 1.2% m/m during May, reaching 6.5% Y/Y. Rents also increased by 0.5% m/m, down 0.8% y/y.
-*Used car prices continue to decline in april being -0.6% m/m, while new car average transaction prices remain unchanged.
+*Used car prices continue to decline in May being -0.6% m/m, while new car average transaction prices remain unchanged.
-*Import prices continued to increased being up significant  1.3% in may 2024, and up now 1% y/y, after being negative for months.
+*Import prices continued to increase being up 1.3% in May 2024, and up now 1% y/y, after being negative for months.
 The markets is currently pricing 2 rate cuts in 2024, starting in september.
 [[File:Screenshot 2024-06-11 135509.png|alt=|center|thumb|530x530px|https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html]]