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Consumer Price Index:Historical Releases/2023 February: Difference between revisions
Consumer Price Index:Historical Releases/2023 February (view source)
Revision as of 20:37, 14 March 2023
, 14 March 2023→Summary
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* Services less shelter "super-core": 6.15% YoY (0.5% m/m)<ref>https://www.zerohedge.com/markets/cpi-slows-expected-americans-real-wages-drop-32nd-straight-month</ref><ref>https://sites.google.com/view/pskrzypczynski/home/cpi-core-services-less-shelter-inflation-in-the-u-s</ref> | * Services less shelter "super-core": 6.15% YoY (0.5% m/m)<ref>https://www.zerohedge.com/markets/cpi-slows-expected-americans-real-wages-drop-32nd-straight-month</ref><ref>https://sites.google.com/view/pskrzypczynski/home/cpi-core-services-less-shelter-inflation-in-the-u-s</ref> | ||
=== Assessment === | |||
February CPI 2023 continues to be driven mostly by: | |||
* Shelter inflation, the index for shelter continues to increase due to the lags in the calculation, shelter is now accounting for most of the increase in CPI (70%) | |||
* Core services less shelter is decreasing but at a very small pace. The high wages and thigh labor market could keep them more stickier than other components. | |||
* Core goods is mostly flat for the month. Showing signs that CPI decreases from this sector are now stabilizing. | |||
February CPI numbers are still in line for a 25bps rate increase from the FED, according to their plan, but due to the banking developments, there is now a possibility that the FED will not do rate hikes in the next meeting, and pause at the current rates for some months. | |||
== CPI expectations == | == CPI expectations == | ||