by ZeroHedge News Staff at ZeroHedge
Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021…
Source: Bloomberg
Goods deflation continues to drag overall CPI lower…
Source: Bloomberg
For context, Goods prices are down 1.9% YoY – the biggest deflationary impulse since 2004. Services prices continue to rise YoY but at the slowest pace since 2022…
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