U.S Core CPI
Rep: 3.9% 🚨HIGHER THAN EXPECTED🚨
Exp: 3.7%
Prev: 3.9%
U.S. Headline CPI
Rep: 3.1% ✅In line with Expectations✅
Exp: 3.1%
Prev: 3.4%
Breaching below 3% is proving a difficult task for Headline CPI .
In 25 years of inflation history above and headline CPI cant seem to breach down below into the moderate <3% level
Since Oct 2023 Core CPI has only declined 0.1%.
PUKA
Rep: 3.9% 🚨HIGHER THAN EXPECTED🚨
Exp: 3.7%
Prev: 3.9%
U.S. Headline CPI
Rep: 3.1% ✅In line with Expectations✅
Exp: 3.1%
Prev: 3.4%
Breaching below 3% is proving a difficult task for Headline CPI .
In 25 years of inflation history above and headline CPI cant seem to breach down below into the moderate <3% level
Since Oct 2023 Core CPI has only declined 0.1%.
PUKA
Rep: 3.8% ✅In line with Expectations✅
Exp: 3.8%
Prev: 3.9%
U.S. Headline CPI
Rep: 3.2% ✅In line with Expectations✅
Exp: 3.2%
Prev: 3.1%
Falling below 3% is proving a difficult task for Headline CPI. Since Oct 2023 Core CPI has only declined from 4% to 3.8%
The Feds 2% target is looking like a heard target to stretch down too. We have not yet breached the 3% level on either the headline or core CPI front. In June 2023 Headline CPI touched the 3% level for one month and has not reached back down to it since.
You can see from the chart that historically moderate inflation is between 1 and 3%, however we have not moved into this moderate zone and it appears its quite the resistance to break down into, even for headline CPI
PUKA