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Consumer Price Index: Difference between revisions
→Near-term inflation drivers
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=== 5. Energy === | === 5. Energy === | ||
* Oil prices have come down significantly since the peak to around | * Oil prices have come down significantly since the peak to around $73, below pre-war levels<ref name=":0">https://oilprice.com/oil-price-charts/45</ref>. However, the futures market is not pricing more declines, but rather a bit higher oil prices in the coming months.<ref>https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html</ref> | ||
* Natural gas prices have come down also below pre war levels.<ref name=":0" /> | * Natural gas prices have come down also below pre-war levels.<ref name=":0" /> | ||
=== 6. Car Prices === | === 6. Car Prices === | ||
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* JPM research expects prices to decline by 2.5% to 5% for new cars and by 10% to 20% for used cars in 2023.<ref>https://www.jpmorgan.com/insights/research/when-will-car-prices-drop#:~:text=Average%20prices%20were%20up%2042.5,to%2020%25%20for%20used%20cars.</ref> | * JPM research expects prices to decline by 2.5% to 5% for new cars and by 10% to 20% for used cars in 2023.<ref>https://www.jpmorgan.com/insights/research/when-will-car-prices-drop#:~:text=Average%20prices%20were%20up%2042.5,to%2020%25%20for%20used%20cars.</ref> | ||
=== 7. Lower demand === | |||
== Long term inflation drivers == | == Long term inflation drivers == | ||
== References: == | == References: == | ||