Something for your Espresso: From CPI to ICU?
Today marks the release of the US CPI, and it appears that the factors contributing to the recent disinflationary trend are losing their strength. However, it's likely that assistance will arrive in due course, although the remedy may be less comfortable than the ailment itself ...
Good morning from Europe!
As we alluded to yesterday in this fine summary of the pending CPI release US inflation is at a tricky spot where base effects are waning and shelter that makes up the grand majority of the remaining price pressure is less accommodative. Read the full summary here
Chart 1: Contributions to headline CPI
Today marks the release of the US CPI, and it appears that the factors contributing to the recent disinflationary trend are losing their strength. However, it's likely that assistance will arrive in due course, although the remedy may be less comfortable than the ailment itself ...
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