Consumer Price Index: Difference between revisions

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== Overview ==
== Overview ==
== Upcoming data expectations ==
=== Consensus forecast <ref>https://www.investing.com/economic-calendar/</ref> ===
{| class="wikitable"
|
|Forecast
|Previous
|-
|Core CPI (MoM) (Dec)
|0.30%
|0.20%
|-
|Core CPI (YoY) (Dec)
|5.90%
|6.00%
|-
|CPI (YoY) (Dec)
|6.70%
|7.10%
|-
|CPI (MoM) (Dec)
|0.10%
|0.10%
|}
=== FED Cleveland Forecast<ref>https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting</ref> ===
{| class="wikitable"
|
| colspan="2" |'''YoY Change'''
| colspan="2" |'''MoM Change'''
|-
|'''Month'''
|'''CPI'''
|'''Core CPI'''
|'''CPI'''
|'''Core CPI'''
|-
|Jan-23
|6.48
|5.76
|0.5
|0.48
|-
|Dec-22
|6.64
|5.87
|0.12
|0.48
|}
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October. Over the last 12 months, the all items index increased 7.1 percent before seasonal adjustment. The index for all items less food and energy rose 0.2 percent in November, after rising 0.3 percent in October.<ref>https://www.bls.gov/news.release/pdf/cpi.pdf</ref>
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October. Over the last 12 months, the all items index increased 7.1 percent before seasonal adjustment. The index for all items less food and energy rose 0.2 percent in November, after rising 0.3 percent in October.<ref>https://www.bls.gov/news.release/pdf/cpi.pdf</ref>


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|}
|}


== Upcoming data expectations ==


=== Consensus forecast <ref>https://www.investing.com/economic-calendar/</ref> ===
{| class="wikitable"
|
|Forecast
|Previous
|-
|Core CPI (MoM) (Dec)
|0.30%
|0.20%
|-
|Core CPI (YoY) (Dec)
|5.90%
|6.00%
|-
|CPI (YoY) (Dec)
|6.70%
|7.10%
|-
|CPI (MoM) (Dec)
|0.10%
|0.10%
|}
=== FED Cleveland Forecast<ref>https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting</ref> ===
{| class="wikitable"
|
| colspan="2" |'''YoY Change'''
| colspan="2" |'''MoM Change'''
|-
|'''Month'''
|'''CPI'''
|'''Core CPI'''
|'''CPI'''
|'''Core CPI'''
|-
|Jan-23
|6.48
|5.76
|0.5
|0.48
|-
|Dec-22
|6.64
|5.87
|0.12
|0.48
|}


== Near-term inflation drivers ==
== Near-term inflation drivers ==