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Very Small Recent SA Revisions to Core CPI

US DATA
  • As newswire headlines suggest, very minimal changes to latest trends in core CPI % M/M SA readings.
  • Dec’23 0.28% vs 0.31% prior, offset by small upward revisions in Oct and Nov.
  • Largest uplifts back in July and April, largest downward revisions in May and March – all old history now [see table below].
  • The Core CPI 3-month annualized rate near enough unrevised: 3.34% vs 3.33% prior.
  • 6-month rate at 3.25% annualized vs 3.21% prior.

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