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.
AlphaROC – AI Driven Data Science & Analytics
