doctorpot1
Excellent Contributor
wrote a post · Apr 12, 2023 20:50
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.
151668307 : Inflation will come back if oil price keep increasing
102297178 : Higher than expected?
102606843 : Time to celebrate?
Dobi1Kedobi : What is an ideal CPI number?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Dobi1Kedobi : What is an ideal CPI %?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
doctorpot1 OP 151668307 : yea that the fear I have too... during March oil prices was like 50 to 60... now back to 80![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
doctorpot1 OP 102297178 : Lower than expected![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
doctorpot1 OP 102606843 : not sure cause oil price went back up so wondering how will that affect the next month's CPI
doctorpot1 OP Dobi1Kedobi : 2%. that is the fed's target and actually many countries target.
MoneyGenerator8 : So if CPI is lower what will happen? Crypto shoot to 50%?
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