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Consumer Price Index:Historical Releases/2022 December: Difference between revisions
Consumer Price Index:Historical Releases/2022 December (view source)
Revision as of 00:48, 14 January 2023
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=== Assessment === | === Assessment === | ||
The December 2022 CPI release confirmed the downward trend experienced in recent months, in line with the short term drivers, with more declines expected to continue in coming months. | |||
Focusing on the services less shelter (present FED focus), it had a MoM (0.4%) increase greater than the headline number, to reached 7.4% YoY compare to 7.2% in previous month. But, the 3 month annualized rate already shows signs it could start to decelerate too. | |||
At the moment, even though recent numbers can be taken with positivity, they are still very high compare to the 2% target, so is not expected that the FED will change its curse of action. After December CPI numbers the most likely outcome will still be a 25bps rate hike in February meting, outcome that the market has already price in. | |||
== Past CPI expectations == | == Past CPI expectations == | ||