CPI Preview: Did Inflation Peak in April?

Tomorrow is the Bureau of Labor Statistics Consumer Price Index (CPI) report for the month of April. After the incredibly high 8.5% read we got in March, many talking heads are claiming that inflation has peaked. Where have I heard this before?

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#Inflation #CPI #MelonHead

[paigeconn]

Thank you for pulling this data together. I started to research this information for tomorrow. But you did it already. Thank you!!!

[davebellamy]

Rob Arnott sees 3 months of slowing inflation numbers, then 3 months of large increases. That is what he said on his recent interview on KWN. His team was using similar concepts that you've been looking at here.

[brexit]

Not even close. Inflation will continue to rise even though the FED reverses strategy to lower interest rates!

[normankoo]

The best way to beat inflation is by changing the way it is measured. 🤣😂🤣

[williamwallace]

I own a deli in California eggs went from $27 a case to $49 a case. That's 82 percent

[tonycaldarola]

Damn it, Cramer said inflation peaked? We're boned.

[bobcantrell]

Great information, Jack! Thank you!

[copperbackpack]

I wouldn’t be surprised a read at 9.1. We shall see…

[sindyk]

Living in New Jersey my taxes is like paying rent to live and rip off town I am so glad I found your channel thanks for the excellent work you do

[JinKee]

Morgan Freeman: it had not in fact, peaked.

[real_wakawaka]

Because rents change rather infrequently, the CPI program collects rent data from
each sampled unit every six months. (Price collection is monthly or bimonthly for
most other CPI items.) Collecting rent data less frequently allows a much larger
sample. The CPI divides each area’s rent sample into six sub-samples called panels.
The rents for panel 1 are collected in January and July; panel 2, in February and
August, etc.

[edhammond]

I thought this was live obviously you recorded it and are commenting live. Gotcha Jack, I like it

[runeodin]

The big problem with the y/y inflation numbers is that 11/12 of it is old data - the only thing new about the new numbers is that the April '22 m/m inflation replaces the April '21 m/m inflation. So if the April '22 m/m inflation is not below 0.6% (which I doubt) the overall y/y inflation will not go down.

[benrichards]

Not peaked yet. Mcdix .. $4.49 for a double cheese burger, no drink or fry. Got damn. $4.50/gal gas.

[AnselLindner]

That is not precisely what's happening with rent. The reason it's slow is because people only sign new leases every year, and home owners only buy houses maybe once every 5-10 years. Increases in rents do not affect everyone or even a majority of people evenly. It is a slow process that will affect people at different rates throughout a year.

What do home owners with a 3% fixed rate loan care about rental prices? The cost to maintain a home will rise along with most consumer prices, but not the cost of the mortgage or rent.

[lrhomesold]

You see the Steve guys channel calling for 600 silver once CPi announced tomorrow? I sell RE in Florida, houses priced and selling very high, rent prices are double from 4 years ago, low inventory

[silverback]

I live in Hawaii I spend 100 ounces of silver every month just for rent and electric.... 1, 200 ounces a year I would love to have that for silver... two cars insurance registration and food with gas at 5.25 a gallon that is at least another 1, 200 ounces a year... man if i was a single man i could stack a extra 2, 400 ounces a year at least.

[jkinkamo]

This is my opinion, I'm not any macro expert: Inflation peak is transitory but not inflation itself which accelerates early June in the US and after that in Eurozone.

[ShadowWaffles]

Something something inflation transitory something its not caused by the infinite money printing its always someone else, i say 8.8% tomorrow