ISMS 19: 5% March 2023 CPI Could Fall to 4% By Year-End; If Oil Doesn’t Fly

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Remember that CPI is not inflation

  • Mar 2023 US CPI was 5%, down from 6% in Feb and off its June 2022 peak of 9.1%
  • Mar 2023, the food component was up 8.5% but has come off its Aug 2022 11.4% peak
  • Mar 2023, the energy component was down 6.4, a massive fall from its 41.6% June 2022 peak
  • In Mar 2023, all other items were flat MoM at 5.6%, down from Mar 2022 6.5% high
  • Without a surge in oil US, we forecast CPI could end 2023 at 4%

Two things that could derail YE23 4% …

  • An oil price surge would push end-2023 slightly higher than 4%, but only slightly because it takes a few months for an oil price rise to impact CPI
  • A US recession could quickly bring CPI below 4%

 

Click here to get the PDF with all charts and graphs

 

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Welcome to My Worst Investment Ever podcast hosted by Your Worst Podcast Host, Andrew Stotz, where you will hear stories of loss to keep you winning. In our community, we know that to win in investing you must take the risk, but to win big, you’ve got to reduce it.

Your Worst Podcast Host, Andrew Stotz, Ph.D., CFA, is also the CEO of A. Stotz Investment Research and A. Stotz Academy, which helps people create, grow, measure, and protect their wealth.

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