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August CPI +0.4%, core CPI +0.2% (+0.248%...>

US DATA
US DATA: August CPI +0.4%, core CPI +0.2% (+0.248% unrounded), slightly 
ahead of forecasts for +0.3% overall, but on target for core. The y/y 
rate for headline CPI now +1.9% vs +1.7% in June, while the y/y rate for 
core CPI still +1.7%. Energy prices were key, +2.8% for August, with 
gasoline prices +6.3%, leaving CPI ex only energy +0.2%. Food prices 
+0.1%, but CPI ex food +0.5%. Within the core, owners' equivalents rents 
+0.3% and lodging away from home +4.4% after record low -4.2% in July. 
New vehicles prices flat. Overall, the data suggests core inflation 
remains contained, though it was very close to being rounded up to 0.3%, 
allowing the FOMC to maintain a very slow pace of policy tightening in 
the face of negative factors such as the hurricanes. See MNI main wire. 

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