- Bullish Rippers
- Posts
- CPI comes in above expectations
CPI comes in above expectations
CPI was just released! Here's what you need to know:
HEADLINE NUMBERS:
CPI for January came in at +6.4% (YoY) above expectations of +6.2%
CPI for January came in at +0.5% (MoM), in line with expectations
Core CPI for January came in at +5.6% (YoY) above expectations of +5.5%
Core CPI for January came in at +0.4% (MoM), in line with expectations
Month-over-Month Inflation Each Month Over the Last 12 Months:
CPI by Category:
US Inflation over the last couple of months (CPI YoY)
December: +7%
January: +7.5%
February: +7.9%
March: +8.5%
April: +8.3%
May: +8.6%
June: +9.1%
July: +8.5%
August: +8.3%
September: +8.2%
October: +7.7%
November: +7.1%
December: +6.5%
January: +6.4%— Savvy Trader (@SvvyTrdr)
Feb 14, 2023
Note
Today's CPI print will be the first report calculated using a new methodology.
The inflation data was based on consumption data from just 1 year, whereas it was previously calculated using 2 years of data.
This print used consumption data from just 2021, whereas 2022’s CPI data was calculated using consumption data from 2019 and 2020.
Next CPI Release:
The next CPI report will be released on March 14th at 8:30 AM ET.
Next FOMC Meeting:
The next FOMC meeting is on March 21st and 22nd, with the rate hike decision being released at 2 p.m. ET on the 22nd.
MY LINKS:
Im about to post a CPI recap video to my YouTube channel ... Make sure you're subscribed!! YouTube is my biggest goal for 2023, I've already started posting videos and will only get better from here, BIG THINGS COMING!
I start posting at 6AM on Monday and don't stop until 8PM on Friday. My free recap of the week goes out every Saturday ... I spend all day every day looking at the news, so you don't have to.
You can always see the moves I make and what individual stocks I own on my Savvy Trader Portfolio.
Do You Want More Than Just Weekly Recaps From Bullish Rippers? |
Join the conversation