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US DATA: Core Goods And Services Both Below Expectations

US DATA

Across core categories, we saw below-expected figures in the aggregates: core goods (0.05% vs 0.12% expected, 0.31% prior) and core services (0.27% vs 0.30% expected, 0.28% prior) were each a touch under analyst expectations. See table.

  • OER and primary rents were on aggregate close to expected; lodging prices unexpectedly contracted, offset by above-expected used car and airfares (the latter was however flagged by the PPI release); auto insurance was basically in line.
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Across core categories, we saw below-expected figures in the aggregates: core goods (0.05% vs 0.12% expected, 0.31% prior) and core services (0.27% vs 0.30% expected, 0.28% prior) were each a touch under analyst expectations. See table.

  • OER and primary rents were on aggregate close to expected; lodging prices unexpectedly contracted, offset by above-expected used car and airfares (the latter was however flagged by the PPI release); auto insurance was basically in line.
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