CPI was just released! Here's what you need to know:
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)
— Savvy Trader (@SvvyTrdr)
Feb 14, 2023
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.
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