Page 301 - DCAC February 2024 Files
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Contributors to Headline CPI Inflation
Continues to Trend Lower
20
Inflation – Inflation has moderated • significantly since peaking in June of 2022, but remains above the Fed’s long‐term target of 2%. Goods‐oriented inflation • (Energy, Food, and Automobiles) has proven to be quite transitory. Shelter and services related • prices remain sticky and continue to drive most of the year‐over‐year price increases. Sources: J.P. Morgan Guide to the Markets, BLS, FactSet,
