#11
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This chart has the weights for various components of the index as of Dec 2022 this release. Energy is 7.8% of the index and down 4.5%. So a total contribution of -0.35% of the -0.1% decline. Airlines are 0.63% of the index and down 3.1%. So total contribution was -0.02%. Energy effect was 17.5x larger. Non-alcoholic beverages had a bigger negative effect on prices than airlines. Journalists remain numerically challenged. *NOTE* RICE ROCKET number is the weight in DEC 2021, the current weight in the basket is 0.63 Dec 2022 The fed really needs to see Rent/Rent Equivalent in Core CPI decline. It is still at 0.8% which is too high. Last edited by verticaldoug; 01-12-2023 at 03:32 PM. |
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economy, freemoneyhouse, stonks, vertdoug for fed chair, wealth, yen carry trade |
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