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MNI US CPI Revisions Preview - Feb 2024

EXECUTIVE SUMMARY

  • BLS will update seasonal factors affecting CPI inflation through 2019-23 on Friday, Feb 9 “from 0830ET”.
  • This won’t impact the underlying NSA data, but will sway near-term trends and has been flagged by both Fed Governor Waller and Chair Powell referencing the upside surprise in last year’s annual revision.
  • Analysts are mixed, seeing either very little impact or modest uplift in recent trend rates.

PLEASE FIND THE FULL REPORT ATTACHED:

USCPIPrevFeb2024_seasonals.pdf

Last year's impact:

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