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    Headline Inflation Rises Less Than Expected Due To Drop In Energy Costs, Still At 5% For The Year

    April 12, 2023
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    Core inflation rises...

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    Headline inflation slowed in March, if you can believe the Biden* administration's numbers. We don't believe anything this government says, but it will give The White House ammo that they are reducing inflation, at least in the short run.

    The real story is that core inflation actually rose, as the majority of the decrease in headline inflation was energy.

    Real wages continued to shrink for the 24th month in a row.

    Financial markets are higher on the news.

    MBA Mortgage Applications(Apr 7) printed at 5.3%.

    Consumer Price Index (MoM)(Mar) printed at 0.1% vs 0.3% consensus estimate.

    Consumer Price Index (YoY)(Mar) printed at 5% vs 5.2% estimate.

    Consumer Price Index Core s.a(Mar) printed at 305.24.

    Consumer Price Index ex Food & Energy (MoM)(Mar) printed at the estimate of 0.4%.

    Consumer Price Index ex Food & Energy (YoY)(Mar) printed at the estimate of 5.6%.

    Consumer Price Index n.s.a (MoM)(Mar) printed at 301.836 vs 302.254.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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