September 13, 2023 14:41 GMT
A Step Backwards In CPI Dispersion Metrics In August
US DATA
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- 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%.
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