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Consumer Price Index:Historical Releases/2024 April: Difference between revisions
Consumer Price Index:Historical Releases/2024 April (view source)
Revision as of 20:31, 15 May 2024
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Publishing date: May 15, 2024. | Publishing date: May 15, 2024. | ||
== Actuals == | |||
{| class="wikitable" | |||
!Variable | |||
!Actual | |||
!Forecast | |||
!Previous | |||
!Reaction SP500 | |||
|- | |||
|Core CPI (MoM) | |||
|0.3% | |||
|0.3% | |||
|0.4% | |||
|1.17% | |||
|- | |||
|Core CPI (YoY) | |||
|3.6% | |||
|3.6% | |||
|3.8% | |||
| | |||
|- | |||
|CPI (MoM) | |||
|0.3% | |||
|0.4% | |||
|0.4% | |||
| | |||
|- | |||
|CPI (YoY) | |||
|3.4% | |||
|3.4% | |||
|3.5% | |||
| | |||
|} | |||
* CPI rose 0.3% in April, lower-than expectations for it to stay steady at 0.4%. | |||
* On a yearly basis, CPI increased by 3.4%, in-line with the estimate but lower-than the 3.5% increase in March. | |||
* Core CPI rose 0.3% in April, in-line with the estimate but lower-than the 0.4% increase in the previous month. | |||
* On a yearly basis, core CPI rose 3.6% in-line with expectations and below the 3.8% increase in March. | |||
* Supercore inflation was up 0.422% m/m (March: 0.65%) and 4.88% y/y (March:4.77%). | |||
=== Contributions === | |||
About 70% of the monthly gain in the headline CPI came from shelter and gasoline prices which rose by 0.4% and 2.8%, respectively. | |||
Services inflation continues to drive inflation, especially concentrated on shelter 0.4%m/m, transportation 0.85%m/m(vehicle insurance mostly), and medical services 0.45%m/m. | |||
[[File:B33fc086a8b615c7e7c853b1217bd33786e77fa7.jpeg|center|thumb|637x637px|https://twitter.com/zerohedge/status/1790724616962404525/photo/1]] | |||
[[File:42928cb0142b4e2cb0d9a686f15cffd568191581.jpeg|center|thumb|660x660px|https://twitter.com/zerohedge/status/1790724616962404525/photo/2]] | |||
==== Core Services ==== | |||
[[File:23d56e87144050ef04c09a73e0425f8f269bf3da.jpeg|center|thumb|720x720px]] | |||
==== Supercore Services ==== | |||
[[File:8abe3a31c51f1bf42acdecf12aecddaa7d384f61.jpeg|center|thumb|713x713px|https://twitter.com/zerohedge/status/1790724616962404525/photo/3]] | |||
=== By Category === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
| -0.1% | |||
| -1.3% | |||
| -0.2% | |||
| -0.67% | |||
|- | |||
|Core Services | |||
|0.4% | |||
|5.3% | |||
|0.5% | |||
|5.39% | |||
|- | |||
|Shelter | |||
|0.4% | |||
|5.5% | |||
|0.4% | |||
|5.65% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.42% | |||
|4.88% | |||
|0.65% | |||
|4.77% | |||
|} | |||
==== 6M Annualized Trends ==== | |||
[[File:CPI 6M Anna24.png|center|thumb|1127x1127px|<ref>https://public.tableau.com/views/Inflation_17077682560160/Sheet2?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link</ref>]] | |||
[[File:CPI Y Ya24.png|center|thumb|1128x1128px|<ref>https://public.tableau.com/views/Inflation_17077682560160/Sheet2?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link</ref>]] | |||
==== Y/Y Inflation Numbers by Categoty ==== | |||
[[File:Services 6Ma24.png|center|thumb|1126x1126px|<ref>https://public.tableau.com/views/Inflation_17077682560160/Sheet2?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link</ref>]] | |||
==CPI expectations== | ==CPI expectations== | ||
Some developments during the month: (more details: [[Consumer Price Index]]) | Some developments during the month: (more details: [[Consumer Price Index]]) | ||