-
GCA HEADLINE NEWS FOR JANUARY 11, 2024
The CPI numbers were released this morning higher than expected. TThe Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The consumer price index numbers released this morning show the CPI increased 0.3% in December and 3.4% from a year ago. What this means is the CPI was higher by 0.30% than one year ago. Excluding volatile food and energy prices, the CPI rose 0.3% for the month and 3.9% from a year ago, compared with respective estimates of 0.3% and 3.8%.
Mortgage rates was not affected by the release of the CPI numbers.
https://www.youtube.com/watch?v=OiloFSVyfkk
- This discussion was modified 10 months, 2 weeks ago by Gustan.