NOVEMBER 25, 2023 – The November report came in at 3.2%, well below my forecast of 3.6%. The 3-month annualized inflation rate is 2.6%. The 6-month annualized inflation rate is 2.8%. These figures are lower than the annualized rate (3.6%) and thus indicate the annual CPI could drift lower. However, continue reading.
Based on the data, my prediction for next month’s figure is 3.6%. The December and January reports should show annual CPI for 2023 to be just below 4%. Then from the February report on into the Summer, the CPI should be very steady at about 3% (say 2.8%-3.2%).
Shalom and Prayers to my Brothers and Sisters in Israel.
The Mann
Tag Archives: Israel
INFLATION UPDATE
OCTOBER 13, 2023 – The October report came in at 3.7%, just below my forecast of 3.8%. The 3-month annualized inflation rate is 3.6%. The 6-month annualized inflation rate is 4.0%. These figures bracket the annualized rate (3.7%) and thus indicate the annual CPI should not change much.
Based on the data, my prediction for next month’s figure is 3.6%. I think this might be a tad low. But, it would surprise the market to see it tick down.
The December and January reports should show annual CPI for 2023 to be above 4%. That should not make the Fed happy. At least one more Fed Fund Rates hike seems certain.
Shalom and Prayers to my Brothers and Sisters in Israel.
The Mann