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

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

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 * Wages are stil above historical averages and came higher than expected in June, matching May increase.
-* Energy were slightly up during June, however, due to the increases in energy in 2022, we will probably still see a significant decline in y/y energy CPI
+* Energy were slightly up during June, however, due to the large increases in energy in 2022, we will probably still see a significant decline in y/y energy CPI
 * Food prices was down 1.4% percent in June, and 23.4% since its peak
 * Supply chain continue to be below the index’s historical average in June
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+=== Analyst ===
+* Goldman Sachs expects a 0.23% increase in core that lowers the YoY rate to 4.93% (vs 5.3% in May) and a 0.25% increase in headline CPI that lowers the year-over-year rate to 3.08% (vs 4.0% in May). <ref>https://twitter.com/NickTimiraos/status/1678827818543640592</ref>
+* UBS: Core +0.19% (+4.9% YoY), headline +0.18% (+3.0% YoY)
+* Citi: Core +0.26% (+5.0% YoY), headline +0.2% (+3.0% YoY)
+* Morgan Stanley: Core +0.27% (+5.0% YoY), headline +0.29% (+3.1% YoY)
+* BofA: Core +0.29% (+5.0% YoY), headline +0.27% (+3.1% YoY)
+* Barclays: Core +0.3% (+5.0% YoY), headline +0.25% (+3.1% YoY)
+* JMP: "we estimate that core CPI rose 0.3% in June (0.28% to two decimals). If realized, this would be the first time in six consecutive months that the increase in core prices wasn’t at least 0.4%, and the year-ago pace would slip to 5.0% from 5.3% in May" <ref>https://twitter.com/zerohedge/status/1678828081388089346</ref>
 == References ==