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

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

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 *Supply chain continue to fall below the index’s historical average in may.
 *Housing prices had again an increased of 1.5% month-over-month in may. Lags are expected to start to reflect a more modest shelter CPI in coming months, however recent price increases could mean that the moderation could be limited in the short term.
-*Used Car decreased 2.7% m/m and new cars had a modest increase of 0.5% in may. However May CPI data is most likely to still reflect the significant increases in prices that vehicles saw during Q1 2023.
+*Used Car decreased 2.7% m/m and new cars had a modest increase of 0.5% in may. But, May CPI data is most likely to still reflect the significant increases in prices that vehicles saw during Q1 2023.
 The markets are now pricing a pause in June meeting, with 78% probability.  <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref>