US Inflation data has just been published and this may be the most important CPI update in years.
Every key component of the CPI is falling. Overall inflation is now down to 6%. Energy is dropping towards negative growth, Shelter has slowed down and food has now started coming down.
Will the Fed continue increasing interest rates or is this the turning point in the fight against inflation?
Sources:
US CPI (Inflation) - https://www.bls.gov/news.release/cpi.nr0.htm
Historic CPI - https://tradingeconomics.com/united-states/inflation-cpi
Oil Price - https://tradingeconomics.com/commodity/brent-crude-oil
Natural Gas Price - https://tradingeconomics.com/commodity/natural-gas
US Rent Zumper Report - https://www.zumper.com/blog/rental-price-data/
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