“Shocking CPI Trends Revealed! Find Out Why November’s 3.1% Estimate Is Making Headlines – Don’t Miss the Second Consecutive Monthly Decline!”
The anticipated year-over-year consumer price index (CPI) for November 2023 is estimated at 3.1%, devoid of seasonal adjustments. Should the actual CPI increase align with this figure, it would signify a second consecutive month of decline.
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CPI
In the preceding month, October 2023, the year-over-year CPI surged by 3.2%, without seasonal adjustments, in contrast to the median forecast of 3.3%. Over the past 12 months, the CPI exceeded the median estimate in three instances, matched it twice, and fell short seven times. Examining the last five years (60 months), the CPI surpassed the median estimate 50% of the time, matched it 15% of the time, and fell short 35% of the time.
The median estimate of 3.1% is based on 10 estimates compiled by FactSet, ranging from a low of 2.99% to a high of 3.30%, resulting in a spread of 31 basis points (bps). This spread is narrower than the trailing 12-month average spread of 55 bps and below the five-year average spread of 50 bps between the high and low estimates.
The median estimate for the year-over-year Core CPI (excluding food and energy) stands at 4.0%.The U.S. Bureau of Labor Statistics (BLS) is set to unveil the CP and Core CP figures for November on December 12.
This blog post serves solely as an informational resource and does not offer legal, tax, or investment advice. FactSet neither endorses nor recommends any investments and assumes no responsibility for consequences arising directly or indirectly from actions taken based on the information provided in this article.
