Pantheon Macroeconomics - In recent years we have argued consistently that investors and the commentariat overstate the importance of the dollar as a driver of U.S. inflation. Only about 15% of the core CPI is meaningfully affected by shifts in the value of the dollar, because the index is dominated by domestic non-tradable services.

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13 July. 2016 Will Higher Prices for Imports Change Inflation Perceptions?

By Ian Shepherdson

In recent years we have argued consistently that investors and the commentariat overstate the importance of the dollar as a driver of U.S. inflation. Only about 15% of the core CPI is meaningfully affected by shifts in the value of the dollar, because the index is dominated by domestic non-tradable services.

Posted: 13th Jul 2016 in 'U.S. Documents'

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