CPI: Rent of Shelter in 2015
CPI: Rent of Shelter opened 2015 at 281.22 and closed at 290.72, a +3.38% move for the year. The high of 290.72 was reached on December 1, and the low of 281.22 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 281.22 | 281.22 | 281.22 | 281.22 | +0.00% |
| Feb | 282.17 | 282.17 | 282.17 | 282.17 | +0.00% |
| Mar | 283.06 | 283.06 | 283.06 | 283.06 | +0.00% |
| Apr | 283.79 | 283.79 | 283.79 | 283.79 | +0.00% |
| May | 284.56 | 284.56 | 284.56 | 284.56 | +0.00% |
| Jun | 285.48 | 285.48 | 285.48 | 285.48 | +0.00% |
| Jul | 286.44 | 286.44 | 286.44 | 286.44 | +0.00% |
| Aug | 287.32 | 287.32 | 287.32 | 287.32 | +0.00% |
| Sep | 288.38 | 288.38 | 288.38 | 288.38 | +0.00% |
| Oct | 289.24 | 289.24 | 289.24 | 289.24 | +0.00% |
| Nov | 289.95 | 289.95 | 289.95 | 289.95 | +0.00% |
| Dec | 290.72 | 290.72 | 290.72 | 290.72 | +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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