CPI 7.5%! Largest Contributors – Food, Energy & Shelter; US Rate Futures Now See A 50% Chance Of A 50 Basis-Point Hike In March; 6 Hikes For 2022

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*U.S. JAN. CONSUMER PRICES RISE 7.5% Y/Y; EST. 7.3%
*U.S. JAN. CONSUMER PRICES INCREASE 0.6% M/M; EST. 0.4% pic.twitter.com/IJDzBr28Ky

— Katie Greifeld (@kgreifeld) February 10, 2022

Transitory … https://t.co/yMNvOAifAo

— Rasmussen Reports (@Rasmussen_Poll) February 10, 2022

US CPI 7.5%, but CORE @ 6.0%
Largest contributors – food, energy & shelter

Here is Core chart!!! pic.twitter.com/Bhb4ZpAbhQ

— Nicholas Glinsman (@nglinsman) February 10, 2022

https://twitter.com/pearkes/status/1491769158442311686

*US RATE FUTURES NOW SEE A 50% CHANCE OF A 50 BASIS-POINT HIKE IN MARCH, UP FROM 30% BEFORE THE CPI DATA – FEDWATCH.

— FinancialJuice (@financialjuice) February 10, 2022

Getting ever closer to pricing 6 hikes in 2022 (25 bps each) pic.twitter.com/35H5tQeWPV

— Ed Bradford (@Fullcarry) February 10, 2022

Price increases over last year:

– Used cars: +40.5%
– Gasoline: +40.0%
– Meats/Fish/Eggs: +12.2%
– New Cars: +12.2%
– Electricity: +10.7%
– Overall CPI: +7.5%

— unusual_whales (@unusual_whales) February 10, 2022

Overall consumer prices were up 7.5% in January from a year earlier. The last time inflation was this high over a 12-month period was Feb. 1982, on the way down from the period known as the "Great Inflation." https://t.co/7RFBRDOTfL pic.twitter.com/lTr18McjF7

— Ben Casselman (@bencasselman) February 10, 2022

US 10y bond yields on course to 2% after ugly US inflation data. pic.twitter.com/41MuJx5s5d

— Holger Zschaepitz (@Schuldensuehner) February 10, 2022

each of the past 5 months, month-over-month #inflation was higher than expected pic.twitter.com/XEmZWtjiaZ

— Axel Merk (@AxelMerk) February 10, 2022

Let's put this CPI number in perspective…

Here are some price changes since January 2021:

Nat gas +81%
Oil +66%
Agricultural commodities +24%
Rent +13%
Used car prices +44%
Gasoline +36%
Cattle prices +20%
Lumber +15%
Coffee +92%
Hotel Prices +37%

Then, today:

CPI: +7.5% pic.twitter.com/0PinUUppnK

— Otavio (Tavi) Costa (@TaviCosta) February 10, 2022

https://twitter.com/WallStreetSilv/status/1491774291259662342

Inflation rises 7.5% over past year, even more than expected…

40-year high…

Extra $250 a Month?

10-year yield tops 2%…