October 2023 CPI expectations: Consumer Price Index:Historical Releases/2023 October - InvestmentWiki
- Energy prices had a significant decline in October, this could be the main reason the headline is expected to decline, but core prices to remain unchanged or sticky. We most likely won’t see a significant improvement in services.
- Wages while its rate of growth is decreasing, is doing so very slowly, and still way above what we experienced pre-pandemic.
- House prices continue to increase, however, rent prices are not showing the same trend, being down for 3 months, so we can most likely continue to expect slow progress on shelter CPI.
- Used car prices had a significant decline in October (-2.3%), but due to lags this will no be reflected until later on. This month we could see some of the rebound in prices we saw during august and September.
- Food prices continue to decline, and supply chains eased considerably during October, but PPI has been showing an acceleration in the past few months.
- PMIs showed price paid still increasing for services at a slower rate, but declining for manufacturing at a slower rate than september
