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9th Aug 2023 20:28U.S., Daily Monitor

  • Both headline and core PPI inflation are headed towards zero; deflation likely is coming by early 2024.
  • The pace and timing of margin re-compression is the key question for the core, but the principle is clear.
  • The July core CPI was decent, and we expect a similarly encouraging print in August.

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Keywords for: 11 August 2023 US Monitor

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