Discover and read the best of Twitter Threads about #coreCPI

Most recents (6)

Core #CPI (excluding those volatile #food and #energy components) came in at 0.6% month-over-month and rose 6.0% year-over-year.
Meanwhile, headline #CPI data printed at a very strong 1.0% month-over-month and came in at 8.6% year-over-year, spiking higher on #shelter, #gas and food costs.
These persistently outsized gains in #inflation are clearly having an impact on business and #ConsumerConfidence. Also, the #Fed’s favored measure of inflation, core #PCE, increased 0.34% in April, bringing the year-over-year figure for the measure to 4.9%, as of that month.
Read 14 tweets
With respect to the data, #coreCPI (excluding volatile food and #energy components) came in at 0.6% month-over-month and at a high 6% year-over-year.
Meanwhile, headline #CPI data printed at a strong 0.6% month-over-month and came in at 7.5% year-over-year, the greatest increase over a 12-month period since February 1982.
Additionally, the @federalreserve’s favored measure of #inflation, #corePCE, increased 0.5% in December, bringing the year-over-year figure for the measure to 4.9%, as of that month.
Read 15 tweets
Today’s #inflation report continued to reinforce the theme that gaudy #price gains are not standing in the way of demand.
It is a very rare time in history, in fact, most people operating in #markets haven’t seen this sort of demand outstripping supply in the real #economy in their careers, with some areas seemingly depicting a dynamic suggesting that “price is no object.”
Clearly, #inflation has been escalating for a number of months due to #shortages of supply in areas such as #housing, #commodities, semiconductors, new and used cars, etc., and those supply shortages are mostly still in place today.
Read 12 tweets
With respect to today’s #inflation data, core #CPI (excluding volatile food and energy components) came in at 0.24% month-over-month and 4.04% year-over-year and was driven higher by strong increases in the #rent components, which have a tendency to be persistent.
Further, headline #CPI data printed at a solid 0.41% month-over-month and came in at 5.38% year-over-year.
Today’s data witnessed declines in used vehicles, #airfares and lodging, which should temper #market concerns somewhat, but we anticipate that these components are likely to see #prices bounce back in the months to come.
Read 10 tweets
Today’s robust #inflation data surprised in its strength and will likely persist in the short-run, and in some areas the intermediate-term, although we think that long-term the @federalreserve is largely correct in identifying real #economy price gains as mostly #transitory.
Much of today’s #inflation is due to reopening factors and supply constraints, but as #SupplyChains normalize from Covid-related shocks and #inventories rebuild, we expect much of the recent inflation will be transitory, with some stickiness in pricing pressure longer-run. Image
That may be especially the case where #inventory levels are harder to build up quickly and continued #demand from higher levels of #growth persist for at least the next year, or so.
Read 9 tweets
CPI@ 4.59% in Dec Vs 6.93% in Nov'20;It is for first time in current fiscal that #CPI,below 6%

In Jan2021,CPI may be lower than RBI forecast of 5.8%,which is good news

#CoreCPI in Dec,5.65% Vs 5.84% MoM

Money market rates,lower than #ReverseRepo,implying low rates here to stay
#FoodInflation 3.41% in Dec,Vs 9.43% in Nov

Vegetable Inflation@ -10.41% Vs 15.63%💪

Fuel&Light Inflation@ 2.99% Vs 1.90%

Housing Inflation@3.21% Vs 3.19%

Clothing&Footwear Inflation@ 3.49% Vs 3.30%

Cereal Inflation@0.98% Vs 2.32% (MoM)

Pulses Inflation@15.98% Vs 17.91%
Apart from #Tesla registering with RoC,big news is,IRFC's IPO of 4600Cr;opens on 18th Jan,in price band of 25-26

#IRFC,set up in 1986,is first NBFC in PSU sector,to go public

#IRCTC listed on 14thOct'19 at Rs644,a 101% premium to book price of 320&has been a huge wealth creator
Read 4 tweets

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