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Airfares And Used Cars At Higher End Of Analyst CPI Expectations

US DATA
  • CPI Airfares at the high end of expectations: 4.9% M/M in Aug after two consecutive months sliding -8.1% M/M. Analysts seen beforehand had averaged +2.7% with a range of +0.5% to +6%. PPI tomorrow is more important for this category when it comes to PCE implications.
  • Used cars not as weak as expected: -1.2% M/M in Aug after -1.3% M/M. Most analysts we had seen estimated -1.5% to -3% although one called for +1.5%.
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