Mohamed A. El-Erian
Mohamed A. El-Erian

@elerianm

3 Tweets 27 reads Jan 12, 2023
The overall US #inflation numbers just came in line with the consensus forecast.
The fall in #energy prices contributed to a further decline in headline inflation to 6.5% in December, from November's 7.1%.
Core came in at 5.7%, with the month-on-month pace edging higher ...
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... (from 0.2% to 0.3%) with some components such as apparel and housing surprising a little on the upside.
This CPI report makes a downshift by the #Fed to a 25 bps hike a little more likely but far from a done deal given such factors as core services ex-housing.
#economy
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Contextual charts from the @WSJ placing yesterday US #inflation data in a broader historical context. #economy #econtwitter

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