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Core Goods Inflation Flat, Marking Highest Since May '23

US DATA
  • Overall core goods CPI was flat at 0.0% M/M (-0.3% prior), contributing zero to core CPI (the unrounded index was very slightly negative so still technically in deflation but highest reading since May 2023)
  • Core services prices were up 0.44% M/M (0.47% prior), contributing 0.32pp to core CPI.

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