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Full Report: https://www.bls.gov/news.release/pdf/cpi.pdf | Full Report: https://www.bls.gov/news.release/pdf/cpi.pdf | ||
== Summary == | == Summary == | ||
January 2023 CPI numbers came , markets remained mostly flat after the release. The market is now pricing a 93% of 25bps in the next FED meeting. | |||
CPI rose 0.5 percent in January on a seasonally adjusted basis, after increasing 0.1 percent in December. Over the last 12 months, the all items index increased 6.4 percent before seasonal adjustment. | |||
The index for all items less food and energy rose 0.4 percent in January. Core CPI was 5.6% Y/Y. | |||
'''Biggest Contributors:''' | |||
The index for shelter was by far the largest contributor to the monthly all items increase, accounting for nearly half of the monthly all items increase, with the indexes for food, gasoline, and natural gas also contributing. | |||
In core CPI, categories which increased in January include the shelter, motor vehicle insurance, recreation, apparel, and household furnishings and operations indexes. The indexes for used cars and trucks, medical care, and airline fares were among those that decreased over the month. | |||
== CPI expectations == | == CPI expectations == | ||
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|0.40% | |0.40% | ||
|0.40% | |0.40% | ||
| | |0.4% | ||
| | | | ||
|- | |- | ||
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|5.50% | |5.50% | ||
|5.70% | |5.70% | ||
| | |5.6% | ||
| | | | ||
|- | |- | ||
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|6.20% | |6.20% | ||
|6.50% | |6.50% | ||
| | |6.4% | ||
| | | | ||
|- | |- | ||
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|0.50% | |0.50% | ||
|0.10% | |0.10% | ||
| | |0.5% | ||
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