The candidates for the Most Improved Player of the Year (MIP) have shown consistency in the 2022-23 season. In the previous edition of Sportskeeda's MIP power rankings, Shai Gilgeous-Alexander topped the list, and now we'll see if he keeps his place on top.In this month's update on the MIP power rankings, the usual players were able to stay in the top five. There have been players who have fallen out of the race after getting plagued by injuries. There's one new player who was able to crack the top five, and the four remaining players have sustained a high level of play to keep their spot.With that said, let's check out how they've performed over the past month. Here are the latest power rankings for the MIP race!#5 Anfernee SimonsBrooklyn Nets v Portland Trail BlazersPrevious month's NBA MIP Power Ranking - #4Last Week: Games played - 2; Games won - 1; Games lost - 1Overall: Games played - 34; Games won - 18; Games lost - 16Last Week: PPG - 20.0, APG - 2.0, RPG - 4.5Overall: PPG - 22.6, APG - 4.0, RPG - 3.0Last Week: FG% - 38.9%, 3P% - 36.8%, SPG - 0.5Overall: FG% - 44.2%, 3P% - 38.3%, SPG - 0.8Since taking the fourth spot last month, Anfernee Simons has been spectacular for the Portland Trail Blazers. The 23-year-old guard is Damian Lillard's protegé, and has been a reliable source of offense.Simons has been outstanding as some experts debate whether he should be an All-Star this season.#4 De'Aaron FoxPortland Trail Blazers v Sacramento KingsPrevious month's NBA MIP Power Ranking - N/ALast Week: Games played - 3; Games won - 2; Games lost - 1Overall: Games played - 33; Games won - 19; Games lost - 14Last Week: PPG - 27.0, APG - 9.0, RPG - 2.0Overall: PPG - 22.6, APG - 4.0, RPG - 3.0Last Week: FG% - 52.5%, 3P% - 37.5%, SPG - 0.3Overall: FG% - 50.6%, 3P% - 33.9%, SPG - 0.9De'Aaron Fox has a shot at winning the MIP award this season to lead the Sacramento Kings back to relevancy. For the first time since the 2005-06 season, the Kings could make a return to the postseason. All thanks to Fox, who has not only improved himself, but also the entire team.Hoop Central@TheHoopCentralDe'Aaron Fox tonight:37 Points 6 Assists3 Rebounds68% FG22 Points in the 4th Quarter. 2990284De'Aaron Fox tonight:37 Points 6 Assists3 Rebounds68% FG22 Points in the 4th Quarter. 🔥 https://t.co/yPgQahFQtbAlso read: De'Aaron Fox rejoices being a part of the Sacramento Kings after their surprising start - “It’s not L.A., Miami, but we don’t do those things anyway”#3 Lauri MarkkanenUtah Jazz v Cleveland CavaliersPrevious month's NBA MIP Power Ranking - #3Last Week: Games played - 4; Games won - 0; Games lost - 4Overall: Games played - 37; Games won - 18; Games lost - 19Last Week: PPG - 31.5, APG - 0.5, RPG - 11.8Overall: PPG - 23.9, APG - 1.9, RPG - 8.5Last Week: FG% - 51.9%, 3P% - 37.8%, SPG - 0.5Overall: FG% - 52.8%, 3P% - 42.1%, SPG - 0.6In the first few editions of the MIP rankings, Lauri Markkanen took the top spot in his plays leading the Utah Jazz. While the Jazz have fallen out of playoff contention, "The Finnisher" is still playing at a high rate.Hoop Central@TheHoopCentralDidn’t count, but what a shot from Lauri Markkanen. 7511363Didn’t count, but what a shot from Lauri Markkanen. https://t.co/QT3wh9qL7jMarkkanen could still take the top spot in the MIP race, but he has to be better than the other candidates.#2 Tyrese HaliburtonIndiana Pacers v Philadelphia 76ersPrevious month's NBA MIP Power Ranking - #2Last Week: Games played - 4; Games won - 3; Games lost - 1Overall: Games played - 36; Games won - 20; Games lost - 16Last Week: PPG - 22.0, APG - 8.0, RPG - 3.3Overall: PPG - 20.7, APG - 10.1, RPG - 3.9Last Week: FG% - 51.7%, 3P% - 44.4%, SPG - 2.3Overall: FG% - 48.5%, 3P% - 41%, SPG - 1.8After being disrespected by Wally Szczerbiak, Tyrese Haliburton has shown why he's one of the top players in the NBA right now. He's leading the league in assists and has led the Indiana Pacers to a possible appearance in the postseason.Before Christmas, he dropped a career-high 43 points, including 10 made shots from 3 to capture the win against the Miami Heat.#1 Shai Gilgeous-AlexanderOklahoma City Thunder v Charlotte HornetsPrevious month's NBA MIP Power Ranking - #1Last Week: Games played - 3; Games won - 1; Games lost - 2Overall: Games played - 33; Games won - 13; Games lost - 20Last Week: PPG - 23.3, APG - 6.0, RPG - 5.0Overall: PPG - 30.8, APG - 5.8, RPG - 4.8Last Week: FG% - 46.2%, 3P% - 40%, SPG - 1.3Overall: FG% - 49.9%, 3P% - 35.4%, SPG - 1.7Topping this edition's rankings is Shai Gilgeous-Alexander, who was also number one last time. The OKC Thunder may be one of the worst teams this season, but they have a gem who has improved tremendously. SGA is fourth in the league in scoring, proving that he's worthy of being the league's MIP.Derek Parker@DParkOKHere’s Shai Gilgeous-Alexander on what being selected to the All-Star game would mean to him:415Here’s Shai Gilgeous-Alexander on what being selected to the All-Star game would mean to him: https://t.co/YpgQ76wTERAlso read: Damian Lillard advises Shai Gilgeous-Alexander to think twice before wanting to leave: “Grass is not always greener on the other side”