- moneypig001
US January 2023 Inflation Can Come Down Further
Written by Moneypig Trading
Even though we cannot forecast the CPI number accurately, we see numerous signs of inflation cooling down:
(1) Dow Jones Commodity Price Index YoY growth is slowing down, and YoY growth will be negative starting Feb or March 2023

(2) Used car price index continues to drop. YoY -12.77%

(3) Rent growth continues to be in the downtrend
No one has published Jan 2023 monthly average rent data, but the down trend has been there since March 2022
https://www.rent.com/research/average-rent-price-report/

(4) However, wage growth is slightly up
02/03/2023 Fed United States Average Hourly Earnings YoY data: Wage growth was higher than expectations, with average hourly earnings up 4.4% from a year ago, above the 4.3% estimate.
What is your thought on the upcoming CPI data?
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