Moody's Talks - Inside Economics Inflation Blues
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Feb 14, 2025 In this insightful discussion, Matt Colyar, Assistant Director at Moody's Analytics, dives into the recent surge in inflation data. He highlights the unexpected rise in the January Consumer Price Index and its implications. The conversation explores the surprising increase in used vehicle prices and factors like consumer behavior and tariffs. Food and healthcare inflation trends, including rising egg prices, are examined. The group also unpacks the complexities of different inflation metrics and their effects on economic forecasts, ensuring a lively exchange of ideas.
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Super Bowl Parade
- Mark Zandi, Chris, and Matt discussed attending the Eagles Super Bowl parade.
- Matt won't attend due to logistics, while Chris was unaware of it.
Unexpected CPI Report
- January's CPI report was unexpectedly high, deviating significantly from expert predictions.
- This might be due to measurement issues like residual seasonality, particularly in the automotive market.
Used Car Price Surge
- Used car prices rose significantly due to several factors, including consumers purchasing cars in anticipation of tariffs.
- Dealers, aware of this, reduced incentives and prioritized selling lower-priced models, driving up used car prices.