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10th Sep 2025 10:57USDaily Monitor
  • Tariffs continued to lift goods prices in August; we think pass-through is now about one-third complete.
  • Airline fares and accommodation services prices are unlikely to rise much further after leaping in August.
  • The outsized August jump in CPI rents is just noise around a slowing trend; nothing to worry about.

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Keywords for: 12 September 2025 US Monitor

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