Consumer Price Index:Historical Releases/2023 August: Difference between revisions

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Consumer Price Index:Historical Releases/2023 August (view source)

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 Forecasts expect the August CPI to show the headline index rose 0.6% in July, boosting the 12-month rate to 3.6% from 3.2% They see core CPI up 0.2%, same as last month, and brining y/y to 4.3% from 4.7 in July.
-Some developments during the month: (more details: [[Consumer Price Index]])
+Some developments during the month: (more details: [[Consumer Price Index]])\
-* Wages are stil above historical averages and continue to increase in August, however at a slower pace.
+*Wages are stil above historical averages and continue to increase in August, however at a slower pace.
-* Energy prices continue to increase in september, it will be first time is months that the y/y increase prices is positive.
+*Energy prices continue its increase in september, it will be specially important the increase in gasoline price due to its weigth in CPI index.
-* Food price index was unchanhed m/m during september , continue to be -24% from the peak, and -% y/y
+*Food price index decline 2.1% m/m during august, -24% from the peak.
-* Supply chain continue to be below the index’s historical average in september, but saw an increase in during september.
+*Supply chain continue to be below the index’s historical average in August, but remain unchanged from previous month.
-* Housing prices recorded a 6th consecutive month of price increases, increasing 0.6% month-over-month in July of 2023 (1% y/y). Rents are down 0.1% month-over-month, 1.2% year-over-year
+*Housing prices recorded a 5th consecutive month of price increases, increasing 0.9% month-over-month in June of 2023 (0% y/y). However,  rents are down 0.5% month-over-month, 1.2% year-over-year
-* Used Car prices had a sigificant increase of 1% m/m in september, is down -3.9 over the year.
+*Used Car prices has a small rebound in august, with a 0.2m/m increase. New cars ATP saw the same trend increasing 0.6%m/m.
 The markets are pricing a pause in rates for the remaining of the year. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref>