US CPI m/m

Happy Friday the 13th. The USD keeps on ripping. Stocks keep on ripping. Crypto keeps on ripping. Everybody is getting rich! We continue to ride the soft landing wave as the Bigfoot recession (often spotted, never real!) will have to wait another year. You can now add “sticky inflation” to the list of things that might cut us down to size in Q1 2025. CPI came out this week, and the inflation story in the US is not great as the “sticky inflation” scenario gains more credence with every report. Headline, Core, Wages, Supercore, and ...

US core CPI inflation landed on the screws, was likely weaker than reported if not for ongoing distortions to seasonal adjustment factors, but all summed up reinforces expectations for a quarter point cut from the Fed one week from today. Headline and core CPI inflation was 0.31% m/m in November, matching Scotia’s estimate and the median consensus estimate while higher than the minority of forecasters expected. It has landed at this rate for four months in a row (chart 1). chart Before turning to details we need to consider the ...

Fresh inflation figures are likely to make the Federal Reserve more cautious about the pace of interest-rate cuts — but not quite yet. Investors still widely expect the US central bank to cut borrowing costs by a quarter percentage point next week after a new report showed inflation rose in November in line with expectations. But persistent price pressures have also underscored concerns that progress toward the US central bank’s 2% target may be stalling. Those concerns could prompt officials to rein in the number of rate cuts they ...

US core CPI in November has come in at 0.3% month-on-month, as expected, and headline has done likewise. The year-on-year headline rate ticks up to 2.7% from 2.6% while the annual core rate has remained at 3.3%. The details show housing looking a little more benign with owners' equivalent rent and primary rents coming in at a pleasing 0.2% MoM, apparel posting a similar increase and education and communication prices falling 0.4% MoM. The upside pressure largely came from vehicle prices with new vehicles rising 0.6% MoM and used ...

November's Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as the Federal Reserve debates its final interest rate decision of the year after cutting rates by 75 basis points so far in 2024. The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.7%, a slight uptick from October's 2.6% annual gain in prices. Consumer prices are expected to have risen 0.3% over the prior month, also ahead of the 0.2% monthly increase ...

A key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won’t lower interest rates next week. The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to show a 2.7% 12-month inflation rate for November, which would mark a 0.1 percentage point acceleration from the previous month, according to the Dow Jones consensus. Excluding food and energy, so-called core inflation is ...

The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of November 2024 is 2.7%. If 2.7% is the actual year-over-year increase in the CPI, it will mark the second consecutive month the number has increased. However, it will still be below the trailing 12-month average of 3.0%. The October 2024 consumer price index increased by 2.6% (year-over-year, not seasonally adjusted), compared to the median estimate of 2.6%. Over the past 12 months, the increase in the CPI has surpassed ...