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=== Fed Cleveland === | === Fed Cleveland === | ||
{| class="wikitable" | {| class="wikitable" | ||
! | !<ref>https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting</ref> | ||
! colspan="2" |YoY Change | ! colspan="2" |YoY Change | ||
! colspan="2" |MoM Change | ! colspan="2" |MoM Change | ||
Line 21: | Line 21: | ||
!Core CPI | !Core CPI | ||
|- | |- | ||
| | |Aug 2023 | ||
| | |3.81 | ||
| | |4.46 | ||
| | |0.77 | ||
| | |0.38 | ||
|} | |} | ||
=== JP Morgan === | === JP Morgan === | ||
[[File:Screenshot 2023-08-10 093908.png|left|thumb|https://twitter.com/Mayhem4Markets/status/1689430038423232513/photo/1]] | |||
== Summary == | == Summary == | ||
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* Year-over-year, core CPI grew by 4.7% versus 4.8% estimate. | * Year-over-year, core CPI grew by 4.7% versus 4.8% estimate. | ||
=== | === Contributors === | ||
* The index for shelter was by far the largest contributor to the monthly all items increase, accounting for over 90 percent of the increase, with the index for motor vehicle insurance also contributing. | * The index for shelter was by far the largest contributor to the monthly all items increase, accounting for over 90 percent of the increase, with the index for motor vehicle insurance also contributing. | ||
* The food index increased 0.2 percent in July after increasing 0.1 percent the previous month. | |||
* The energy index rose 0.1 percent in July as the major energy component indexes were mixed. | |||
* Indexes which increased in June include shelter, motor vehicle insurance, education, and recreation. | |||
* The indexes for airline fares, used cars and trucks, medical care, and communication were among those that decreased over the month. | |||
=== Categories watched by the FED === | |||
{| class="wikitable" | |||
!Index | |||
!M/M | |||
!Y/Y | |||
!Prev. M/M | |||
!Prev. Y/Y | |||
|- | |||
|Core Goods | |||
| -0.3% | |||
|0.8% | |||
| -0.1% | |||
|1.3% | |||
|- | |||
|Core Services | |||
|0.4% | |||
|6.1% | |||
|0.30% | |||
|6.20% | |||
|- | |||
|Shelter | |||
|0.4% | |||
|7.7% | |||
|0.40% | |||
|7.8% | |||
|- | |||
|Services less shelter "super-core" | |||
|0.2% | |||
|4.1% | |||
|0.00% | |||
|4.01% | |||
|} | |||
== CPI expectations == | == CPI expectations == |