2008-03-14 Consumer Price Index MoM

Consumer Price Index MoM (Feb)

Survey 0.3%
Actual 0.0%
Prior 0.4%
Revised n/a

2008-03-14 CPI Ex Food & Energy MoM

CPI Ex Food & Energy MoM (Feb)

Survey 0.2%
Actual 0.0%
Prior 0.3%
Revised n/a

2008-03-14 Consumer Price Index YoY

Consumer Price Index YoY (Feb)

Survey 4.3%
Actual 4.0%
Prior 4.3%
Revised n/a

2008-03-14 CPI Ex Food & Energy YoY

CPI Ex Food & Energy YoY (Feb)

Survey 2.4%
Actual 2.3%
Prior 2.5%
Revised n/a

The calm during the storm.  March numbers are already being forecast at up 0.7% for headline CPI.

The individual components have been volatile.

Also, gasoline prices fell 2%.  Retail sales of gasoline was reported down 1% earlier this week.  Together this implies physical demand (gallons sold) went up.

2008-03-14 U. of Michigan Confidence

U. of Michigan Confidence (Mar P)

Survey 69.5
Actual 70.5
Prior 70.8
Revised n/a

2008-03-14 U. of Michigan TABLE

Current conditions improved, expectations fell.

Inflation expectations one year forward rose from 3.6% to 4.5% which complicates the Fed’s decision on Tuesday.  The 5 year number fell from 3.0% to 2.9% which is somewhat of an offset.

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