National Apartment Association (Naahq)’s Post

While the lag in CPI shelter costs to private sector data has extended longer than originally expected, Core CPI has decelerated steadily for more than a year. Check out NAA's Inflation Tracker to better understand the current economic environment. Read the full article: https://lnkd.in/dmY_Rq5f

After last week's hotter-than-expected December CPI, the focus is expected to return to rising inflation risks in the coming months. The December 2023 CPI reflects a new normal with higher volatility in inflation data, similar to the 1930s-1940s as well as the 1960s-1970s.

Headline CPI is down month to month for the first time since May 2020, coming in with a 3% year-over-year increase in June. Check out NAA's Inflation Tracker to better understand the current economic environment. Read the full article: https://lnkd.in/eSrXBqGt

Overall US CPI moved down to 3.27% YoY in May from 3.36% in April. US inflation has now been above 3% for 38 straight months. US Core CPI (ex-Food/Energy) moved down to 3.41% YoY from 3.62% last month. This is the lowest core inflation reading since April 2021. - @charliebilello

It’s all about CPI. The latest RBA Bulletin is one for the economic tragic (so I shall read it)! There are six articles to pick from. From Post-pandemic Demand for Australia’s Banknotes to What Do Firms Tell Us About the Inflation Outlook? Pick the piece on firms on the inflation outlook if you’re keen to get into it. Bulletin (rba.gov.au) The key remains the CPI update for 2023Q4, out this Wednesday 31st. The services inflation rate needs to show clear evidence of further deceleration ...

📢 Eurozone’s July CPI showed an annual growth rate of 2.6%, slightly up than the previous month, as services inflation made the largest contribution! 🔎 According to ECB’s projection, the CPI growth rate would further decline by the end of 2024! A rate cut is also expected, in the near future. 💡 More analysis from TrendForce: https://buff.ly/3yJ0wwT 🔗 #Eurozone #EU #CPI #ECB #RateCut

Inflation rates for many CPI components have improved dramatically over the past year. This chart shows current levels, troughs, and peaks within the past 12-months for the Consumer Price Index (CPI) components, headline CPI, and core CPI. The blue bars denote the current level of year-over-year inflation for components of CPI that make up headline CPI. The black bars show the current levels of CPI and core CPI. Blue diamonds and orange crosses in each column show the peak and trough of year-over-year inflation respectively. Date Range: One year ago to present Source: Clearnomics, U.S. Bureau of Labor Statistics

Week 11 - 5 Things to Know in Investing This Week Point 1) The CPI Comes in Hot: This week we got the February CPI (Consumer Price Index) which came in at 3.2% vs last year and 0.4% vs last month. Both of these are 0.1% above last month and above expectations of 3.1% for the year. The Core number, which excludes food and energy, was up 3.8% for the year and up 0.4% vs last month. This was also above expectations and almost double the 2% target largely due to continued high services inflation. The disinflation story has faded for now.

Week 11 - 5 Things to Know in Investing This Week Point 1) The CPI Comes in Hot: This week we got the February CPI (Consumer Price Index) which came in at 3.2% vs last year and 0.4% vs last month. Both of these are 0.1% above last month and above expectations of 3.1% for the year. The Core number, which excludes food and energy, was up 3.8% for the year and up 0.4% vs last month. This was also above expectations and almost double the 2% target largely due to continued high services inflation. The disinflation story has faded for now.

‼️Nice surprise in UK CPI inflation figures this morning. CPI at 3.4%YoY, lowest in 2.5 years, beating expectations of 3.5% and down from 4.0% last month. Core CPI also slightly better at 4.5% (in line), but still sticky and elevated, compared to the likes of US, Germany, & France. Food prices contributed largest drop to 5%YoY (down from 7% prior), lowest level since Jan 2022. Still to worry: Service sector CPI at 6.1%, down from 6.5%. Economists expect UK CPI to hit 2% in a few of months, driven largely by energy base effects. But further UK CPI direction is uncertain. Market reaction (plus gilts in comment): Gilts rally on rate cut expectations, GBP softer at 1.2690 vs USD. Up next: FED policy decision and BoE event risk tomorrow, again with expected rate 3-way split vote