Consumer Price Index: Difference between revisions

Line 236: Line 236:
Near-term inflation treand are still in line with a continued decline in inflation in the coming months.       
Near-term inflation treand are still in line with a continued decline in inflation in the coming months.       


Housing CPI lags, and the fact the wages are still above average could keep inflation above the 2% target for a while.     
The Housing CPI lags, and the fact the wages are still above average could keep inflation above the 2% target for a while.     


Important to consider that the housing market, auto market, and energy market have all stabilized during January 2023, and even saw an increase in prices. If this continues in coming months, we could experience a new wave of upwards price pressures in CPI.  
The energy market, that saw an increase in CPI in January, stabilized during February2 023, and the price increases were vsmaller   
 
The used car prices saw a big jump in prices since January 2023, this could put upward pressure on CPI this month.    


Another significant risk to the upside in short term will be China's reopening, especially on energy and other commodity prices.     
Another significant risk to the upside in short term will be China's reopening, especially on energy and other commodity prices.