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Wednesday: CPI

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by Calculated Risk on 8/09/2022 09:02:00 PM

Wednesday:
o At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

o At 8:30 AM, The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.5% increase in core CPI. The consensus is for CPI to be up 8.8% year-over-year and core CPI to be up 6.1% YoY.

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID MetricsNowWeekAgoGoalNew Cases per Day2107,515122,190<=5,0001Hospitalized236,64437,661<=3,0001Deaths per Day2382409<=5011my goals to stop daily posts,27-day average for Cases, Currently Hospitalized, and Deaths? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths
? Goal met.

Click on graph for larger image.

This graph shows the daily (columns) and 7-day average (line) of deaths reported.

Average daily deaths bottomed in July 2021 at 214 per day.

Vehicle Sales: Fleet Turnover Ratio and the Inflation Impact

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