JP Morgan AM: US price pressures gradually moderating

JP Morgan AM: US price pressures gradually moderating

20 maart 2023

Inflatie Verenigde Staten
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US headline inflation fell to 6% year-on-year in February, an eighth consecutive monthly decline.

However, core inflation - excluding more volatile energy and food prices - rose slightly to 0.5% on a month-on-month basis.

Housing and rental costs continue to be the largest contributor to overall inflation, with shelter inflation rising to 8.1% year-on-year in February.

However, the cost of autos continued to fall and goods inflation more broadly slowed as supply chain improvements continue to filter through to consumer goods prices.

While price pressures appear to be gradually moderating, inflation remains too high. The Fed will have to balance this against recent financial stability concerns when making its rate decision later this week.

20032023 JP Morgan AM

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