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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?


About us: Moneypig Trading is a group of data-driven investors and traders with excellent and consistent investing and trading records. Sign up Moneypig Trading Discord group to excel in your Trading! Disclaimer:

  • Not financial advisors. Please invest at your own risk.



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