Occam’s June 2023 CPI Forecast | AlphaROC - AI Driven Data Science & Analytics

Occam’s June 2023 CPI Forecast

The closely watched Core CPI (ex food and energy) for June 2023 came in at a 4.8% increase year on year. Occam’s estimate for Core CPI was 4.9% better than consensus of 5.0%. Overall CPI came in at a 3.0% increase year on year. Occam’s estimate for CPI was 3.1%, which was inline with the consensus estimate of 3.1%. Occam’s powerful ML model continues to outperform the consensus forecast on important macroeconomic releases. Occam has been correctly forecasting that inflation would be coming down at a record pace.

July 12, 2023

Core CPI Forecast vs Actual

Occam’s June 2023 Core CPI forecast was 4.9%, which came in close to the reported number of 4.8%, and better than the consensus estimate of 5.0%.

CPI Forecast vs Actual

Occam’s June 2023 CPI forecast was 3.1%, which came in close to the reported number of 3.0%, and inline with the consensus estimate of 3.1%.

Source: Analysis based on occam™ proprietary AI-enhanced research platform with various data sources, including a wide range of questions asked to over 1000 respondents per day with over three years of history. Information is census-balanced and uses occam’s™ proprietary AI algorithm that ensures minimal sampling bias (<1%). Contact us for more info.

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