Pantheon Macroeconomics

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10th Jun 2022 00:20U.S., Daily Monitor

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.

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

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Keywords for: Behind the Noise, are Slower Wage Gains Constraining the Core CPI

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