Here's the Inflation Breakdown for December, in One Chart
The CPI increased 0.3% for the month, higher than the 0.2% estimate. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for readings of 3.3%.
Food costs were up 2.7% compared with one year ago, down from 2.9% YoY compared to last month.
Energy costs decreased by 2.0% YoY. Energy costs decreased by 5.4% YoY in November.
Used cars and trucks prices decreased by 1.3% YoY.
Shelter costs were up 6.2% compared with one year ago, down from 6.5% YoY compared to last month.
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Roosevelt Matos : Other than Shelter, Transportation Services and Medical Care Commodities I believe that wasn’t bad at all.
Roosevelt.
TJ Kirkland Roosevelt Matos: Meh. Still not good enough though.
aspiring Bird_0369 Roosevelt Matos: Those categories you mentioned though are the ones that affect consumers. The adjusted lower job openings add to the stressed environment. The market basically priced in 6 cuts and these numbers don’t confirm the market’s price levels.
lightfoot : The CPI will send alerts in two months. U have a magnetic compass being confused by all the elements that affect prices of commodities creating a rising CPI
I am still calling for a Recession by Bideconomics
lightfoot : The storm gets worse before it gets better