Pantheon Macroeconomics

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12th Apr 2022 17:50U.S., Daily Monitor

Plunging used vehicle prices explains the undershoot in the March core CPI; they have much further to fall.

Some other components rose by less than recent trends, but too soon to know if it's more than noise.

Rebounding airline fares and profit margins signal upside risk for the March core PPI.

airline fares core cpi core inflation core PPI cpi cpi report fed gas prices goods inflation healthcare June March March cpi May November policymakers ppi private sector wages profit margins rent selling prices supply chain trade vehicles wages

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Keywords for: One Better Month is not a Trend, but the March CPI Offers Real Hope

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