May 2023 CPI came in at a 4.0% increase year on year. Occam’s estimate for CPI was 4.1%, which was better than the consensus estimate of 4.2%. May 2023 Core CPI came in at 5.3%. Occam’s estimate for Core CPI was 5.3% better than consensus of 5.2%. 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.
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.