Cooling Down.

ANGLES. · Jan 15, 2023 · 6m

The highlight of the week, the all-important latest Consumer Price Index (CPI) measure of retail inflation numbers, came out before the market opened on Thursday and was right in line with forecasts, showing a continued cooling of inflation in the US.

Headline CPI fell 0.1% between November and December, following a 0.1% increase the previous month. Over the past twelve months, the index is up 6.5%, falling from a 7.1% rate a month earlier.

Core CPI, which excludes food and fuel costs, rose by 0.3% month-to-month and 5.7% year-on-year, the smallest twelve month gain since late 2021. The…