US CPI at 6.5% same as the 6.5% that was expected. CPI for all items declines 0.1% in December as gasoline and oil price decreases significantly
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in December on a seasonally adjusted basis, after increasing 0.1% in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5% before seasonal adjustment.
The index for gasoline was by far the largest contributor to the monthly all items decrease, more than offsetting increases in shelter indexes. The food index increased 0.3% over the month with the food at home index rising 0.2%. The energy index decreased 4.5% over the month as the gasoline index declined; other major energy component indexes increased over the month.
The index for all items less food and energy rose 0.3% in December, after rising 0.2% in November. Indexes which increased in December include the shelter, household furnishings and operations, motor vehicle insurance, recreation, and apparel indexes. The indexes for used cars and trucks, and airline fares were among those that decreased over the month.
The all items index increased 6.5% for the 12 months ending December; this was the smallest 12-month increase since the period ending October 2021. The all items less food and energy index rose 5.7% over the last 12 months. The energy index increased 7.3% for the 12 months ending December, and the food index increased 10.4% over the last year; all of these increases were smaller than for the 12-month period ending November.
Hmmm seems like if energy price starts to go back up, inflation will be going back up though. So seems like OPEC+ and China reopening will be crucial.
$CapitaLandInvest(9CI.SG$, $CapLand China T(AU8U.SG$, $CapLand IntCom T(C38U.SG$, $Daiwa Hse Log Tr(DHLU.SG$, $DigiCore Reit USD(DCRU.SG$, $FRASERS PROPERTY LIMITED(TQ5.SG$, $FRASERS CENTREPOINT TRUST(J69U.SG$, $ManulifeReit USD(BTOU.SG$, $PropNex(OYY.SG$, $HongkongLand USD(H78.SG$, $Keppel(BN4.SG$, $Olam Group(VC2.SG$, $PropNex(OYY.SG$, $Seatrium(S51.SG$, $SGX(S68.SG$, $Singtel(Z74.SG$, $PARAGONREIT(SK6U.SG$, $Suntec Reit(T82U.SG$, $Wilmar Intl(F34.SG$, $Bed Bath & Beyond Inc(BBBY.US$ $AMC Entertainment(AMC.US$ $GameStop(GME.US$ $Tesla(TSLA.US$ $SPDR S&P 500 ETF(SPY.US$ $Nasdaq Composite Index(.IXIC.US$ $Credit Suisse(CS.US$ $Tricida(TCDA.US$ $Futu Holdings Ltd(FUTU.US$ $NIO Inc(NIO.US$ $Alibaba(BABA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
crawled out of poverty, working towards FIRE!! (financial independence, retired early)
14KFollowers
104Following
15KVisitors
Follow
恭喜发财™ : is that bull market starting from here?
doctorpot1OP 恭喜发财™: I won't celebrate too early because JPow might still whack the market with more rate hikes in 1st Feb FOMC meeting
he might say 6.5% is 3.25x our 2% target 
Mcpotato : Gonna fly soon sit tighttt
doctorpot1OP Mcpotato: made some correction, the expected was 6.5% not 6.7%... so is like just meet expectation only.. not sure how market will react hahahah
恭喜发财™ doctorpot1OP: lol temporary for bull, but rate hike may go to 5-5.5% this year as market expected
恭喜发财™ doctorpot1OP: as long as we see a good sight Cpi was starting coming down
doctorpot1OP 恭喜发财™: That is true but looking at the data. US only saved by energy... Seems like if energy price starts to go back up, inflation will be going back up though. So seems like OPEC+ and China reopening will be crucial.
Johnnie Worker : 2023 will be a bull market. Gotta all in when every newspaper are spreading fearful messages!
PolyQ : Expect more hawkish.
Ixy The Cat : I don't trust the CPI. The numbers are cooked imo.
View more comments...