Consumer Price Index: Difference between revisions

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 Past Developments: [[Food Market]]
-CPI food at home prices are highly directionally correlated to on a 6-month lagged basis.
+CPI food at home prices are highly directionally correlated to on a 6-month lagged basis
-*The '''FAO Food Price Index*''' (FFPI) averaged 121.4 points in August 2023, down '''2.6 points (2.1 percent) from July''', reversing the rebound registered last month and pushing the index as much as '''38.3 points (24.0 percent) below its peak reached in March 2022.'''
-* The drop reflected declines in the price indices for dairy products, vegetable oils, meat and cereals, while the sugar price index increased moderately.<ref name=":12">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref>
+* The '''FAO Food Price Index*''' (FFPI) averaged 121.5 points in September 2023, almost unchanged from its value in August, as declines in the price indices of vegetable oils, dairy and meat had offset increases in the sugar and cereal price indices.
+* At this level, the index stood 14.6 points (10.7 percent) below its corresponding level a year ago and 38.3 points (24.0 percent) from the all-time high reached in March 2022.
 ===6. Energy===
 Past Developments: [https://www.investmentwiki.org/wiki/Energy_Industry#Price_Developments Energy Industry]
-* Oil prices went up on average a significant 7% m/m in August 2023. Still  a negative 13.1% y/y/. <ref name=":5">https://fred.stlouisfed.org/series/DCOILWTICO</ref>
+*Oil prices went up on average a significant 9.9% m/m in september 2023. And it had a 6.1% increase over september 2022. <ref name=":52">https://fred.stlouisfed.org/series/DCOILWTICO</ref>
-*Gasoline prices went up on average 6.7% m/m  during August 2023, and a -3.4% y/y.  <ref name=":6">https://fred.stlouisfed.org/series/GASREGW</ref>
+* Gasoline prices went down -0.1% m/m, but it up 3.7% y/y..  <ref name=":62">https://fred.stlouisfed.org/series/GASREGW</ref>
-*Natural gas prices went up on average 1.3% m/m in August 2023, and -70.7% y/y. <ref name=":7">https://fred.stlouisfed.org/series/DHHNGSP</ref>
+*Natural gas prices went up on average 2% m/m in september 2023, and -66.6% y/y. <ref name=":72">https://fred.stlouisfed.org/series/DHHNGSP</ref>
-*Futures market is now pricing an increase in oil prices, at $86.01 at year end.<ref name=":4222">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
+*Futures market is now pricing an increase in oil prices, at $83.74 at year end.<ref name=":422">https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref>
 ===7. Car Prices===