Thread by Julien Bittel, CFA: Jan US CPI report: Let’s discuss… A short thread 🧵 twitter.com/BittelJulien/status/1625820597979684864/photo/1
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- Feb 15, 2023
- #Inflation
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If you look at the Atlanta Fed's measure for "Flexible" CPI, so basically commodities ex. food and energy (i.e. household supplies, appliances & clothing), the measure has done a full round trip: 19.7% in Feb 2022 to just 0.1% in Jan…
And, as we've previously highlighted in our GMI newsletter, CPI Shelter just lags Home Prices by fifteen months...
"Sticky" is just a fancy word for lagging, and this is the main reason CPI remains inflated, for now…
However, it's very clear where CPI Shelter is heading over the next twelve months.
Macro is really a story of economic dominos and CPI is the same story…
Stay focused.
However, it's very clear where CPI Shelter is heading over the next twelve months.
Macro is really a story of economic dominos and CPI is the same story…
Stay focused.
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Good thread on inflation by my colleague @BittelJulien Head of Macro Research at Global Macro Investor