CPI headlines in the US increased 0.5% In January, the core was up 0.4%, Both exactly as expected. Both of these are the results of respective gains. 0.1% 0.4% December
For the HeadlineThe January print tied October for the highest level since June. The 12-month pace was lower at 6.4% y/y 6.5% y/y. It has fallen for seven consecutive month. 9.1% June
The Core Rates slid 5.6% Y/Y from 5.7% Y/Y, fourth consecutive month of slowing. Component gains were broadbased.
- Energy Prices bounced 2.0% Gasoline prices rose from -3.1% to -4.5% 2.4% From -7.0% (was 9.4%).
- Services Prices rise 0.6% From 0.7% (was 0.6%).
- Housing Increased costs 0.8% from 0.7% and owners’ equivalent rent was up 0.7% From 0.8% with respective gains of 8.2% y/y accelerating from 8.1% and 7.5% respectively
- The “super core” Oder the “Powell measure,” which is core services excluding rent was 0.3% from 0.4% (was 0.3%).
- The prices of food/beverage were up 0.5% Previously, 0.5%
- Transport Bout 0.4% From -1.6%, with used car prices falling -1.9% from 2.0%, new car pricing at 0.2% from 0.6%, and airline fares dropping by -2.1% compared to the December figure of -2.1%.
- Medical care From 0.3%, it fell to -0.4% (was 0.1%).
- Apparel The prices went up 0.8% from…
