2009-02-20 USER

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Consumer Price Index MoM (Jan)

Survey 0.3%
Actual 0.3%
Prior -0.7%
Revised -0.8%

Karim writes:

CPI boosted by OER and tobacco.

  • m/m .282% headline and .177% core; y/y 0.0% headline and 1.7% core
  • Mthly data boosted by OER (up 0.3%)-likely reflects decline in fuel/utility prices in recent months (which boosts ‘owners equivalent rent’)
  • Mirroring PPI yesterday, tobacco prices up 0.8%
  • Core PCE, which has less weight in housing, has been negative for 3mths in a row. On y/y basis, core inflation likely headed to 1% by mid-year (headline inflation may decline by -1% y/y by mid-year before converging to core in H2).


CPI Ex Food and Energy MoM (Jan)

Survey 0.1%
Actual 0.2%
Prior 0.0%
Revised n/a


Consumer Price Index YoY (Jan)

Survey -0.1%
Actual 0.0%
Prior 0.1%
Revised n/a


CPI Ex Food and Energy YoY (Jan)

Survey 1.5%
Actual 1.7%
Prior 1.8%
Revised n/a


Consumer Price Index NSA (Jan)

Survey 211.081
Actual 211.143
Prior 210.228
Revised n/a


CPI Core Index SA (Jan)

Survey n/a
Actual 217.265
Prior 216.816
Revised 216.882


Consumer Price Index TABLE 1 (Jan)


Consumer Price Index TABLE 2 (Jan)


Consumer Price Index TABLE 3 (Jan)