Consumer Price Index:Historical Releases/2024 January: Difference between revisions

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Publishing date: February 13, 2024.
Publishing date: February 13, 2024.
== CPI expectations ==
''Range:''
* CPI: 2.8% - 3.1%
* Core CPI: 3.6% - 3.9%
{| class="wikitable"
|'''Escenario'''
|'''Market reaction'''
|'''Probability by Magaly'''
|-
|CPI below 2.8%
|3%+ rally
|5%
|-
|CPI at  2.8%
|2% Rally
|10%
|-
|CPI in line with expectations
|Flat
|50%
|-
|CPI 3.0%
|1-2% drop
|30%
|-
|CPI above 3.1%
|3% drop
|5%
|}
=== Consensus forecast ===
{| class="wikitable"
!Variable
!Forecast
!Previous
|-
|Core CPI (MoM)
|0.3%
|0.3%
|-
|Core CPI (YoY)
|3.7%
|3.9%
|-
|CPI (MoM)
|0.2%
|0.3%
|-
|CPI (YoY)
|2.9%
|3.4%
|}
=== FED Cleveland Forecast ===
{| class="wikitable"
!<ref>https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting</ref>
! colspan="2" |YoY Change
! colspan="2" |MoM Change
|-
!Month
!CPI
!Core CPI
!CPI
!Core CPI
|-
|Jan 2024
|2.94%
|3.81%
|0.13%
|0.32%
|-
|Feb 2023
|2.86%
|3.64%
|0.33%
|0.31%
|}
=== Individual Institutions ===