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Core Goods Prices Retreat Quickly, Services Slow Too

US

The slowdown in October core CPI got contributions from both weaker goods and services price pressures.

  • Big deflation in core goods (a 7-month low of -0.38% M/M vs +0.02% prior) in October, while core services slowed sharply from previous (3-month low of +0.51% M/M vs +0.79% prior)



Source: BLS, MNI

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