Ahead Of Next Week's CPI Report: The Cleveland Fed Is Looking For A Decrease In The Monthly Before Reaccelerating Higher In The March Release

From the Federal Reserve Bank of Cleveland's Inflation Nowcasting, February 9:

• Background: “Nowcasts” are estimates or forecasts of the present.
• Description: We provide daily nowcasts of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI).

Inflation, month-over-month percent change

Month	CPI	Core CPI	PCE	Core PCE	Updated
February 2024	0.33	0.31	0.23	0.22	02/09
January 2024	0.13	0.32	0.13	0.24	02/09

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The January actual CPI data is scheduled to be released by the Bureau of Labor Statistics on February 13, 2024, at 8:30 A.M. Eastern Time. 

Feb. numbers next month

For comparison, the December 2023 CPI reported on January 11, 2024 came in at 0.30%