Core CPI (ex Food/Energy) in 2015
Core CPI (ex Food/Energy) opened 2015 at 239.81 and closed at 244.55, a +1.97% move for the year. The high of 244.55 was reached on December 1, and the low of 239.81 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 239.81 | 239.81 | 239.81 | 239.81 | +0.00% |
| Feb | 240.17 | 240.17 | 240.17 | 240.17 | +0.00% |
| Mar | 240.75 | 240.75 | 240.75 | 240.75 | +0.00% |
| Apr | 241.35 | 241.35 | 241.35 | 241.35 | +0.00% |
| May | 241.69 | 241.69 | 241.69 | 241.69 | +0.00% |
| Jun | 242.06 | 242.06 | 242.06 | 242.06 | +0.00% |
| Jul | 242.56 | 242.56 | 242.56 | 242.56 | +0.00% |
| Aug | 242.82 | 242.82 | 242.82 | 242.82 | +0.00% |
| Sep | 243.32 | 243.32 | 243.32 | 243.32 | +0.00% |
| Oct | 243.77 | 243.77 | 243.77 | 243.77 | +0.00% |
| Nov | 244.24 | 244.24 | 244.24 | 244.24 | +0.00% |
| Dec | 244.55 | 244.55 | 244.55 | 244.55 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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