Filter by Categories
CPI UK US

Something for your Espresso: May back in Play?

Inflation from the US and UK take center stage. May back in play for both?
2024-02-12
<a href="https://stenoresearch.com/author/andreas/" target="_self">Andreas Steno</a>

Andreas Steno

0

Morning from Europe!

It’s make or break week for hopes of early spring cuts with the release of the CPI report from January in the US and in the UK.

The 2023 US CPI revisions made for mildly benign reading, and even if it makes little sense to revise December down, it was the ultimately result of the revisions exercise. The revision will not prove to be a biggie, but the risk of a revision up as in 2023 is now OFF the table, making way for a continued dovish FOMC tilt.

In January, food prices are likely going to print soft as our high-frequency indicators hint at continued price drops in the output prices. The food-at-home category is likely going to drop as a consequence in January.

Chart 1: SOFT US food-flation?

Inflation from the US and UK take center stage. May back in play for both?

Get access / Login

0 Comments

STENO RESEARCH IS JOINING REAL VISION

From July 2025, Steno Research is joining Real Vision to create the ultimate macro research product for you!

As a subscriber, this means the following:

Yearly subscriber: For legal reasons, we cannot transfer your pre-paid subscription directly. You need to register with Real Vision and then we’ll transfer your pre-paid subscription quickly afterwards. Simply go to https://www.realvision.com/free and sign up - and then we’ll take care of the rest! We will shut down service of Steno Research on July 31st, so be sure to make the transfer to keep receiving our content.

Already a RV subscriber?
Please check that you are using the same e-mail. If yes, you don't need to do anything. If not, please contact [email protected].

Monthly subscriber: Your current monthly subscription with Steno Research will end during July (31st at the latest). To continue accessing our research (and more), you’ll need to sign up for a Real Vision membership. Check out your options on: https://www.realvision.com/pricing

For Institutional Clients:
- Your access has been moved to our new institutional offering at NowcastIQ.com
- If you haven’t been moved already, please contact [email protected]