Consumer Price Index MoM (Feb)
Survey | 0.3% |
Actual | 0.0% |
Prior | 0.4% |
Revised | n/a |
CPI Ex Food & Energy MoM (Feb)
Survey | 0.2% |
Actual | 0.0% |
Prior | 0.3% |
Revised | n/a |
Consumer Price Index YoY (Feb)
Survey | 4.3% |
Actual | 4.0% |
Prior | 4.3% |
Revised | n/a |
CPI Ex Food & Energy YoY (Feb)
Survey | 2.4% |
Actual | 2.3% |
Prior | 2.5% |
Revised | n/a |
The calm during the storm. March numbers are already being forecast at up 0.7% for headline CPI.
The individual components have been volatile.
Also, gasoline prices fell 2%. Retail sales of gasoline was reported down 1% earlier this week. Together this implies physical demand (gallons sold) went up.
U. of Michigan Confidence (Mar P)
Survey | 69.5 |
Actual | 70.5 |
Prior | 70.8 |
Revised | n/a |
Current conditions improved, expectations fell.
Inflation expectations one year forward rose from 3.6% to 4.5% which complicates the Fed’s decision on Tuesday.  The 5 year number fell from 3.0% to 2.9% which is somewhat of an offset.