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

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

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 Some developments during the month: (more details: [[Consumer Price Index]])
-*Lack of progress with wages, which surprised to the upside again in May 2024.
+*Wages on line with estimates on June, with a 0.3 m/m increase, in line with the average increase of the past few quarters.
-*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.
+*Gasoline had a declined of -4.12% m/m, while oil  had an increase of 3.2% m/m. However, gasoline has a higher weight in CPI.
-*Food Index had the third consecutive month of increases with a 0.9% m/m increase, but still down 3.4% Y/Y.
+*Food index was unchaged during the month.
-*Supply chain index remains stable
+*Supply chain index remains stable.
-*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.
+*Housing prices increased 1.17% m/m during June, reaching 6.29% Y/Y. Rents also increased by 0.4% m/m, down 0.7% y/y.
-*Used car prices continue to decline in May being -0.6% m/m, while new car average transaction prices remain unchanged.
+*Used car prices continue to decline in June being -0.6% m/m, while new car average transaction prices increased 0.5% m/m.
-*Import prices continued to increase being up 1.3% in May 2024, and up now 1% y/y, after being negative for months.
+*Import prices had a decline of 0.6% m/m in June 2024, and is still up now 1% y/y
-The markets is currently pricing 2 rate cuts in 2024, starting in september.
+The markets is currently pricing 2 rate cuts in 2024, starting on september.
 [[File:Screenshot 2024-07-10 105907.png|center|thumb|462x462px|https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html]]