US CPI at 5% better than 5.2% which was expected. CPI for all items increase 0.1% in March due to an decrease in energy price
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in March on a seasonally adjusted basis, after increasing 0.4% in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0% before seasonal adjustment.
The index for shelter was by far the largest contributor to the monthly all items increase. This more than offset a decline in the energy index, which decreased 3.5% over the month as all major energy component indexes declined.
The food index was unchanged in March with the food at home index falling 0.3%. The index for all items less food and energy rose 0.4% in March, after rising 0.5% in February.
Indexes which increased in March include shelter, motor vehicle insurance, airline fares, household furnishings and operations, and new vehicles. The index for medical care and the index for used cars and trucks were among those that decreased over the month.
The all items index increased 5.0% for the 12 months ending March; this was the smallest 12-month increase since the period ending May 2021. The all items less food and energy index rose 5.6% over the last 12 months. The energy index decreased 6.4% for the 12 months ending March, and the food index increased 8.5% over the last year.
Now that oil price had gone back up recently, will the CPI still continue to fall next few months?
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KingNY-Life : It's all fake data
KingNY-Life : Do you really believe that data? The prices of many products around us continue to rise, don't you feel it?
bananarama : denial stage
doctorpot1 OP KingNY-Life : that is US CPI data, so it measures how much prices is going up in US, not in other countries. and in US the prices are still going up, cause inflation at 6% is still high
KingNY-Life doctorpot1 OP : I'm in America, bro
Reeve Kong KingNY-Life : How are you in the US? The government just shows you what he wants to show you. Banks aren't afraid of a few more things; the government will take action, so what are you afraid of? I'm just afraid I won't be able to buy it if the stock rises, hurry up
KingNY-Life Reeve Kong : Haha, OK, keep on rushing
Reeve Kong KingNY-Life : It wasn't me who kept on rushing; it was them. I'm just expressing the market's reaction. Isn't it a miracle that banks have gone out and stocks have soared? Isn't it amazing that inflation is so high and stocks are soaring? Interest rate hikes have been raised a few times and banks have gone bankrupt, plus Jerome said it would speed up and raise interest rate hikes at the beginning of this month. As a result, the market has soared. So what kind of nonsense data is fake; it hasn't risen that much yet.
KingNY-Life Reeve Kong : That's right. There are people who can't tell the difference. Over the past year, the Fed's interest rate hike has led to a massive inflow of foreign dollars into the US market. According to statistics, it is as high as 8 trillion US dollars. How could this amount of capital be a problem that can be solved simply by raising interest rates, so I said the 6% inflation data is absolutely false
doctorpot1 OP KingNY-Life : oh I didn't know that![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
inflation had been high for so many years, I'm sure that make everything very very expensive ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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