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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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- Airfares were at the higher end of analyst expectations at 12.5% M/M after the record 18.6% in April, worth +0.11pps to core from April’s +0.13pps, whilst the swing in used car inflation added +0.1pp from last month.
- It risks stripping out only the fastest growing categories but core CPI excl shelter, used autos & airfares slowed from +0.47% M/M to +0.34% M/M for the lowest since September.
- That’s not to detract from the overall strength of the report though, being still almost twice the pace consistent with the 2% target and with stickier shelter inflation ramping even higher to 0.6% M/M, including OER inflation breaking out of an extremely stable range of 0.41-0.45 from the previous eight months.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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