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CPI Report Shows Predicted Inflation At Fed’s Target Range With Varying Underlying Sectors

CPI Report Shows Predicted Inflation At Fed's Target Range With Varying Underlying Sectors
This cartoon ran in the Dallas Morning News, May 24, 1945, Section 2, Page 2

This morning’s Consumer Price Index (CPI) was reported at 1.9% YoY for March vs 1.8% consensus estimate.

Excluding food and energy CPI was reported YoY for March at 2.0% vs 2.1% estimate.

Month over month CPI was reported at 0.4% vs 0.3% consensus estimate, and 0.1 vs 0.2% MoM ex food and energy.

The underlying numbers showed wages slowing but housing costs rose dramatically.

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