There is not a lot to be bullish about with today's CPI figures. Energy climbed as we wrote it would yesterday. A 5.6% month-to-month increase in Energy prices fueled a 0.6% month-to-month increase in Headline CPI and a 3.7% increase in year-over-year Headline CPI (we estimated 3.6%). Core CPI came in at 0.3% month-to-month and … Continue reading Today’s CPI: What’s To Be Bullish About?
Tag: headline cpi
Investors should focus on the month-to-month change in Core CPI tomorrow. The month-to-month change in Core CPI for each of the months of March, April and May 2023 was 0.4. June's year-over-year Headline CPI figure will come down significantly when the figure is printed tomorrow at 8:30 am. The reason for the year-over-year deceleration is … Continue reading Focus On Core CPI
The CPI narrative will get tricky for the Fed if the year-over-year percentage change in Headline CPI accelerates higher as we expect it to beginning on August 10th when the July Headline CPI figure is printed. June 2022 saw a 9.1% peak Headline CPI print (see table below). June 2022 was the year-over-year percentage CPI … Continue reading CPI Comps and The Fed