Consumer Price Index:Historical Releases/2023 February: Difference between revisions

Consumer Price Index:Historical Releases/2023 February (view source)

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 ''Return to: [[Consumer Price Index]] | [[Consumer Price Index:Historical Releases|Historical Releases]]''
-Full Report:
+Full Report: https://www.bls.gov/news.release/pdf/cpi.pdf
 Publishing date: March 14 2023
+== Summary ==
+[[File:CPI FEB 2023.PNG|thumb|https://www.bls.gov/news.release/pdf/cpi.pdf]]
+CPI came in line with expectations, the markets reacted positivetly to the news, because it could signal that the FED it will not do 50 bps, and that even due the developments of the banking system, that FED could be very close to pausing. At the moment, the probability of a 25bps rate hike in march stands at 73%, but the terminal rate is up to 5.25%.
+CPI rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January. Over the last 12 months, the all items index increased 6.0 percent before seasonal adjustment.
+Core CPI rose 0.5 percent in February, after rising 0.4 percent in January. The Y/Y increase was 5.5%
+=== Biggest Contributors: ===
+[[Weighing of CPI components]]
+The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing.
+For Core CPI, the categories which increased in February include shelter, recreation, household furnishings and operations, and airline fares. The index for used cars and trucks and the index for medical care were among those that decreased over the month.
 == CPI expectations ==