I created this chart of my forecast for inflation for 2019 back in January.
The red bars are my forecast numbers.
Today, we got January's Consumer Price Data and they came in at 1.52% year over year.
U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, February 13, 2019.
This was lower than I was forecasting.
My forecasts for the year over year change are as follows:
- January 2019: + 1.70%
- February 2019: + 1.40%
- March 2019: +