Thread: Consumer Price Index (CPI)

Consumer prices rose less than expected in November, up 7.1% from a year ago

The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department reported Tuesday. Economists surveyed by Dow Jones had been expecting a 0.3% monthly increase and a 7.3% 12-month rate.

Excluding volatile food and energy prices, so-called core CPI rose 0.2% on the month and 6% on an annual basis, compared to respective estimates of 0.3% and 6.1%.

https://www.cnbc.com/2022/12/13/cpi-...ber-2022-.html

Tomorrow is the release of the latest Consumer Price Index. Investors have been satisfied seeing this index consistently decrease the last five months. Last month's year-over-year CPI was below expectations coming in at 7.1%. This month the y-o-y is forecasted to be 6.5%. The y-o-y has not been below 7% since December 2021.

U.S. Consumer Price Index (CPI) YoY

Consumer prices fell 0.1% in December, in line with expectations from economists

The consumer price index fell 0.1% in December, meeting expectations, for the biggest drop since April 2020.

Excluding food and energy, core CPI rose 0.3%, also in line with estimates.

On an annual basis, headline CPI rose 6.5% while core increased 5.7%.

The biggest reason for the easing in inflation came from a sharp drop in gasoline prices, which are now lower on a year-over-year basis.

https://www.cnbc.com/2023/01/12/cons...ectations.html

The consumer price index, which measures a broad basket of common goods and services, rose 0.5% for the month, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%.

Excluding volatile food and energy, core CPI increased 0.4% monthly and 5.6% from a year ago, against respective estimates of 0.3% and 5.5%.

https://www.cnbc.com/2023/02/14/consumer-price-index-january-2023-.html

Inflation rose 4.9% in April from a year ago, less than expectations

The consumer price index rose 0.4% last month, pushed higher by rising shelter, used vehicle and gas prices. The increase was in line with Wall Street expectations.

On an annual basis, the inflation rate was 4.9%, slightly less than the estimate and providing some hope that the trend is lower.

For workers, real average hourly earnings, adjusted for inflation, rose 0.1% for the month but were still down 0.5% from a year ago.

https://www.cnbc.com/2023/05/10/cpi-...pril-2023.html

Inflation rose at a 4% annual rate in May, the lowest in 2 years

The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month, bringing the annual level down to 4%. That 12-month increase was the smallest since March 2021, when inflation was just beginning to rise to what would become the highest in 41 years.

... core inflation rose 0.4% on the month and was still up 5.3% from a year ago

https://www.cnbc.com/2023/06/13/cpi-...may-2023-.html

Some good, some bad.

Transportation up 10.2%. Rents up 8%. Vehicle repair up 13%, insurance up 17%. No value added with any of those items.

All energy down double digits, nobody going to complain about that.

Health insurance down 20%, but I'll believe that when I see the rate next open season.

https://www.bls.gov/news.release/cpi.t02.htm

CPI beats estimates (lower), but don't forget, prices and inflation are still going up (+3%). It's not like prices came down. They just went up less than was expected, but it's still higher than the Fed's target of 2%. But getting better. Still a 90% chance of a hike at the end of the month, but it's now more likely it could be the last, unless something changes.

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CPI rises less than expected in June

The consumer price index rose 0.2% in June and 3% from a year ago, the Labor Department said Wednesday. Economists polled by Dow Jones had expected a monthly increase of 0.3% and 3.1% on an annualized basis.

https://www.cnbc.com/2023/07/11/stoc...e-updates.html

Originally Posted by tsptalk

CPI beats estimates (lower), but don't forget, prices and inflation are still going up (+3%). It's not like prices came down. They just went up less than was expected, but it's still higher than the Fed's target of 2%. But getting better. Still a 90% chance of a hike at the end of the month, but it's now more likely it could be the last, unless something changes.

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CPI rises less than expected in June



https://www.cnbc.com/2023/07/11/stoc...e-updates.html

united-states-core-inflation-rate@2x.png

4.8 is hardly 2%. Fed has work to do. Shouldn't have paused. But market seems to be behind here or oblivious so have to plan accordingly. Safe to say we'll be pulling back at some point.

Inflation gauge rose 3.2% annually in July, less than expected

Prices accelerated 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. However, the annual rate was slightly below the 3.3% forecast though higher than June.

Excluding volatile food and energy prices so-called core CPI also increased 0.2% for the month, equating to a 12-month rate of 4.7%. The annual rate for core also was slightly below a Dow Jones consensus estimate for 4.8%.

https://www.cnbc.com/2023/08/10/cpi-...uly-2023-.html

Take shelter out of the equation and we're in a deflationary environment.

Screenshot 2023-08-11 .jpg

https://twitter.com/AndreasSteno/sta...17403922063360

St. Louis Fed projects shelter inflation to be deflationary one year from now.

Screenshot 2023-08-11 0.jpg

Note: Solid line shows actual year-over-year changes; dashed line shows average forecast, with shaded 95% confidence band.

https://www.frbsf.org/economic-resea...lation-headed/