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22nd Oct 2021 00:20U.S., Economic Monitor

Core CPI inflation looks set to power past 5% by the year-end as used car prices and airline fares rebound.

The peak will come early next year, but the rate will remain elevated for most of the year.

If unit labor costs remain controlled, the "transitory" story is sustainable, but expect pressure on the Fed.

airline fares auction prices auto prices car prices core core cpi core cpi inflation core pce core pce deflator cpi cpi inflation doves fed global higher inflation index inflation inventory it labor labor costs lodging pce prices remain rent retail services supply unit labor costs used car prices vehicles wage

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