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

Consumer Price Index:Historical Releases/2024 January (view source)

1,236 bytes added , 12 February 2024

no edit summary

3,882

edits

@@ Line 7: / Line 7: @@
 == CPI expectations ==
+Forecasts expect the January CPI to show that the headline index remain aroung the same level from 3.1 in november to 3.2%They see core CPI up 0.3%, lowering the y/y rate to 3.8%.
+Some developments during the month: (more details: [[Consumer Price Index]])
+*Wages had a significant surprise to the upside in January, reaching a 4.5% growth again.
+*Energy prices were mixed during the month, with oil increasing 3.13% m/m but gasolince prices down -1.87% m/m.
+*Food prices decline 1% during January, 10.4% y/y.
+*Supply chain index rose a bit during January, but remains stable. We have to keep monitoring the current increase in shipping rates, since it can have an impact on inflation later on.
+*Housing prices recorded its first monthly decline in 10 months with a -0.2 m/m, but y/y remains high at 5.1%. Rents are down 0.3% month-over-month, down 1% year-over-year
+*Used car prices remained flat during January, but recorded a 9.2% decline y/y. While new car prices decline 2.6% from december to january, they are donw 3.5% y/y.
+The markets are pricing rate cuts starting on March and 6 in total in 2024
 ''Range:''
@@ Line 89: / Line 98: @@
 === Individual Institutions ===
+[[File:Screenshot 2024-02-12 120950.png|center|thumb|722x722px|https://twitter.com/DeItaone/status/1757099062845714485/photo/1]]
 == References ==