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

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

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 ==CPI expectations==
 Some developments during the month: (more details: [[Consumer Price Index]])
-*Wages remains sticky at ~4% y/y.
+*Wages had been having more moderate increases in the last 3 months. The 6M annu rate is ruuning at 3.85% currently, still a bit higher than before covid.
-*Oil and Gasoline continued to increase in March, with a an over 5% increase for both. Oil is currently 10% Y/Y.
+*Oil and Gasoline continued to increase in april, both up over 5% m/m.
-*Food Index had the first increase after 7 month is decline, is still negative 7% Y/Y.
+*Food Index had the second consecutive month of increases, but still down 7.5% Y/Y.
-*Supply chain index decline a bit during March, but remains stable.
+*Supply chain index decline during April, remains stable.
-*While hpusing prices declined 0.1% during January 2024. Rents recorded the second month of increases being up 0.6% m/m.
+*Housing prices recorded an increased of 0.6% m/m during april, after a few months of declines. Rents also increased 0.5% m/m.
-*Used car prices continue to decline in March -0.4% m/m (-14.7 y/y), as well as new car prices -0.9% m/m (-2.6% y/y)
+*Used car prices continue to decline in March being -2.3% m/m, but new car prices recorded a 2.2% increased during april 2024.
+*Import prices continued to increased being up 0.6% in March 2024, reverting the deflation experienced during 2023.
+*Both ISM manufacturing and services prices paid index continued to acccelarate its rate of increase during April. Manufacturing increased 6.1 point to 60.9 (14.5%Y/Y)  and services up 5.8 points to 59.2 (-0.6 Y/Y)
 The markets is currently pricing 2 rate cuts in 2024, starting in september.
 [[File:Screenshot 2024-05-14 131501.png|alt=|center|thumb|420x420px|https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html]]