Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

83 bytes added , 6 April 2023

3,882

edits

@@ Line 264: / Line 264: @@
 ===2. Supply chain issues===
-Supply chain pressures have returned to normal in February; this trend has been helping with good disinflation in past months. However, the recent stabilization could mean a limited effect on CPI going forward.
+Global supply chain conditions have largely normalized, this trend will continue to contribute to disinflation in the goods sectors, however the contribution will start to be more limited, after supply chain normalized more and more.<ref name=":22">https://www.newyorkfed.org/research/policy/gscpi#/interactive</ref>
-*Global supply chain pressures decreased considerably in February and are now below the historical average.<ref name=":2">https://www.newyorkfed.org/research/policy/gscpi#/interactive</ref>
+* Global supply chain pressures decreased again in March, falling from .28 to 1.06 standard deviations below the index’s historical average
-*There were significant downward contributions by the majority of the factors, with the largest negative contribution from European Area delivery times.<ref name=":2" />
+* There were significant downward contributions by many of the factors, with the largest negative contributions from European Area delivery times, European Area backlogs, and Taiwanese purchases
 ===3. PPI===