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Consumer Price Index:Historical Releases/2023 May: Difference between revisions
Consumer Price Index:Historical Releases/2023 May (view source)
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Publishing date: June 13 2023 | Publishing date: June 13 2023 | ||
== Assessment by Magaly == | == Assessment by Magaly == | ||
May CPI numbers saw a big jump down from 4.9% to 4%, and desinflation is expected to continue in June, with estimates already in the low 3%, but is still early to think that inflation will get to the 2% target soon, as most of the decline in these 2 months will be due to the base effects in 2022, and after June 2023 the CPI trajectory starts to be less certain, and probably more sticky at those levels. Hence, in my opinion, this big decline in CPI is still npt enough to change anytime soon the FED plan to keep rates higher. | May CPI numbers saw a big jump down from 4.9% to 4%, and desinflation is expected to continue in June, with estimates already in the low 3%, but is still early to think that inflation will get to the 2% target soon, as most of the decline in these 2 months will be due to the base effects in 2022, and after June 2023 the CPI trajectory starts to be less certain, and probably more sticky at those levels. Hence, in my opinion, this big decline in CPI is still npt enough to change anytime soon the FED plan to keep rates higher. | ||