May 15, 2024 13:10 GMT
Core CPI At 4.0% and Supercore At 6.5% Over Six Months
US DATA
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
- The almost completely in-line core CPI print of 0.29% M/M doesn’t yield any real surprises in latest trends.
- The three-month rate eased four tenths to 4.1% annualized whilst the six-month increased two tenths to 4.0% for its third consecutive month above the Y/Y (of 3.61%).
- The same is also true for supercore CPI at a still hot but broadly as expected 0.42% M/M (and with its large 0.19pp contribution from vehicle insurance that isn’t reflected in PCE).
- The three-month rate eased from a huge 8.2% to 6.3% in April as the 0.85% from January dropped out, but the six-month accelerates four tenth to 6.5% annualized.
Core CPI (SA)
- % M/M: 0.29 in Apr'24 after 0.36 in Mar'24
- % 3mth ar: 4.1 in Apr'24 after 4.5 in Mar'24
- % 6mth ar: 4.0 in Apr'24 after 3.9 in Mar'24
Supercore CPI (SA)
- % M/M: 0.42 in Apr'24 after 0.65 in Mar'24
- % 3mth ar: 6.3 in Apr'24 after 8.2 in Mar'24
- % 6mth ar: 6.5 in Apr'24 after 6.1 in Mar'24
Keep reading...Show less
159 words