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

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

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 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.
-*Energy prices continue its increase in september, it will be specially important the increase in gasoline price due to its weigth in CPI index.
+*Energy prices continue to increase in september, it will be first time in months that the y/y increase prices is positive.
-*Food price index decline 2.1% m/m during august, -24% from the peak.
+*Food price index was unchanhed m/m during september , continue to be -24% from the peak, and -10% y/y
-*Supply chain continue to be below the index’s historical average in August, but remain unchanged from previous month.
+*Supply chain issues continue to be below the index’s historical average in september, but saw an increase in during september.
-*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
+*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 0.5% month-over-month, 1.2% year-over-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.
+*Used Car prices had a sigificant increase of 1% m/m in september, is down -3.9 over the year.
 The markets are still 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>