Watch how FAST INFLATION can drop!!! CPI December 2022 Prediction - What history can tell us
Watch how FAST INFLATION can drop!!! CPI December 2022 Prediction - What history can tell us
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This video analyzes the year-over-year Consumer Price Index (CPI) December 2022 measures based on the historical data of the CPI for All Urban Consumers for both all items and includes CPI predictions (2023) derived from holding month-over-month CPI measures constant. The examination of the 1-month changes over the history of the CPI revealed the most common month-over-month (MoM) inflation values which can be used to predict the most likely year-over-year (YoY) and MoM estimates for December 2022 CPI measure. The historical CPI data, including November 2022's CPI data were used to make predictions for the upcoming MoM and YoY CPI measures. The CPI estimates are given for December 2022 and much of 2023. Jerome Powell, of the Federal Reserve, has consistently stated that the Federal Reserve would continue to follow its dual mandate to maintain price stability and maximum employment. Under this mandate, the Fed is raising the Federal Funds rate (using quantitative tightening) to slow the pace of the economy so that inflation does not remain entrenched. The most recent Jerome Powell speech had failed to produce any indication of new direction or detail from the Federal Reserve. The CPI January 2023 and the CPI February 2023 will likely show a continued slowing of the economy, by the headline inflation number and the MoM inflation. Month-over-Month inflation for the CPI needs to consistently be between 0.1% and 0.2% for the Fed to reach its target inflation rate of 2%, which could possibly be seen as soon as the end of 2023. The next CPI report release date is January 12th at 8:30 AM (EST). This CPI release will shed light on the continuation of the pattern that indicates the most recent direction for inflation.
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#Inflation #CPI #December
