Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

Revision as of 15:48, 7 August 2023

77 bytes removed , 7 August 2023

no edit summary

VisualWikitext

MagaNH6

Administrators

3,882

edits

@@ Line 397: / Line 397: @@
 ===6. Energy===
 Past Developments: [https://www.investmentwiki.org/wiki/Energy_Industry#Price_Developments Energy Industry]
-*Oil prices were slightly down -1.9 m/m, but were volatile in a range from $72 to $67<ref name=":232">https://www.bloomberg.com/quote/CL1:COM</ref><ref>https://fred.stlouisfed.org/series/DCOILWTICO</ref>
-*Gasoline prices were basically unchanged at 0.5% m/m, but increased a bit in the middle of the month. <ref name=":132">https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=w</ref><ref>https://fred.stlouisfed.org/series/GASREGW</ref>
+* Oil prices went up on average a significant 8.3% m/m in July 2023, going from $69.80 to $81.80. Still a -25.1% y/y/. <ref>https://fred.stlouisfed.org/series/DCOILWTICO</ref>
-*Natural gas prices were up 1.4% , in a range from 2.16 to 2.80.<ref name=":3222">https://www.bloomberg.com/quote/NG1:COM</ref><ref>https://fred.stlouisfed.org/series/DHHNGSP</ref>
+* Gasoline prices went up on average 0.7% m/m  during July 2023, and a -21.1% y/y.  <ref>https://fred.stlouisfed.org/series/GASREGW</ref>
-*Futures market is now pricing an increase in oil prices, at $72.32 at year-end. <ref name=":4222">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
+* Natural gas prices went up on average 17.2% m/m in July 2023, and -65% y/y. <ref>https://fred.stlouisfed.org/series/DHHNGSP</ref>
+* Futures market is now pricing an increase in oil prices, at $80.59 at year end.<ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
 ===7. Car Prices===
 Past Developments: [[Automotive Industry:United States#Prices|Automotive Industry:United States]]
 ==== Used ====
-The 4.2% drop is among the largest declines in MUVVI history and the largest decline since the start of the pandemic in April 2020 when the index plunged 11.4%<ref>https://www.coxautoinc.com/market-insights/june-2023-muvvi/</ref>
-* Wholesale used-vehicle prices decreased '''4.2% in June from May.'''
+* Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) '''decreased 1.6% in July from June'''. <ref>https://www.coxautoinc.com/market-insights/july-2023-muvvi/</ref>
-* The Manheim Used Vehicle Value Index (MUVVI) declined to 215.1, '''down 10.3% from a year ago.'''
-* Over the month of June, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 98.4%, meaning market prices were below MMR values.
+* The Manheim Used Vehicle Value Index (MUVVI) declined to 211.7, '''down 11.6% from a year ago.'''
-* Compared to June 2022, pickups and vans lost less than the industry, at 6.6% and 8.5%, respectively. While sports cars fared the worst at 14.8% year-over-year, compact cars lost 12.6%, and midsize cars were off by 12.2%.
+* Over the month of July, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 98.6%, meaning market prices were below MMR values.
+* Compared to last month, all segments were down except one, with sports cars being up by 1.6%. Pickups lost less than the industry month over month, down 0.6%, while vans, compact cars, and luxury lost the most, with declines of 3.2%, 2.8%, and 2.4%, respectively.
+* '''The average daily sales conversion rate declined to 48.9%, which was below normal for the time of year.''' For context, the daily sales conversion rate averaged 60.1% in July 2019.
 ==== New ====