Free Trial

A Step Backwards In CPI Dispersion Metrics In August

US DATA
  • Dispersion measures for 57 items across the entire CPI basket showed a step back in August after two of the main measures we focus on had returned to pre-pandemic levels in July.
  • The share growing in excess of 3% annualized on the month jumped 8pts higher to 47% (2019 av 41%) whilst the share in excess of 5% annualized increased 6pts to 39% (2019 av 25%), both at their highest readings since March.
  • Meanwhile, the share seeing outright deflation on the month dipped 2pts lower to 37% although it remains close to its 2019 av of 38%.
96 words

To read the full story

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.
  • Dispersion measures for 57 items across the entire CPI basket showed a step back in August after two of the main measures we focus on had returned to pre-pandemic levels in July.
  • The share growing in excess of 3% annualized on the month jumped 8pts higher to 47% (2019 av 41%) whilst the share in excess of 5% annualized increased 6pts to 39% (2019 av 25%), both at their highest readings since March.
  • Meanwhile, the share seeing outright deflation on the month dipped 2pts lower to 37% although it remains close to its 2019 av of 38%.