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Consumer Price Index:Historical Releases/2023 June: Difference between revisions
Consumer Price Index:Historical Releases/2023 June (view source)
Revision as of 19:49, 11 July 2023
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Some developments during the month: (more details: [[Consumer Price Index]]) | Some developments during the month: (more details: [[Consumer Price Index]]) | ||
* Wages are stil above historical averages and came higher than expected in June, matching May increase. | * Wages are stil above historical averages and came higher than expected in June, matching May increase. Wage growth remains sticky. | ||
* 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. | * 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. Lower food CPI | * Food prices was down 1.4% percent in June, and 23.4% since its peak. Lower food CPI continue to be expected in coming months. | ||
* Supply chain continue to be below the index’s historical average in June | * Supply chain continue to be below the index’s historical average in June. | ||
* Housing prices recorded a third consecutive month of price increases, increasing 1.7% month-over-month in April of 2023. This data could suggest that cooling in shelter CPI could not be permanent or volatile. | * Housing prices recorded a third consecutive month of price increases, increasing 1.7% month-over-month in April of 2023. This data could suggest that cooling in shelter CPI could not be permanent or volatile. | ||
* Used Car decreased 4.2% m/m, among the largest declines in history, this will be reflected in CPI in coming months due to the lags. | * Used Car decreased 4.2% m/m, among the largest declines in history, this will be reflected in CPI in coming months due to the lags. | ||