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9th Apr 2024 19:39US, Daily Monitor

  • Almost half of the rise in March core CPI services ex-rent prices was due to a wild  jump in auto insurance.
  • We’re raising our near-term forecasts for rents and hospital services prices, but retaining our optimistic outlook.
  • Core PPI inflation should be depressed by falling margins, driven by slowing growth in core retail sales.

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Keywords for: 11 April 2024 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence