Best viewed on a device with a bigger screen...
We expect a 0.5% increase in the core CPI, led by rents, airline fares, and new vehicle prices...
...Behind this noise, though, the core-core CPI might now be slowing on a sequential basis.
The moderation in wage growth probably is reducing inflation pressure in an array of services components.
This publication is only available to U.S. Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
bls, core cpi, core inflation, cpi, fed, gasoline, health insurance, inventories, July, June, May, May cpi, May forecast, oil, payroll, price increases, rent, rents, unemployment, wage growth, wage pressures, wages, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence