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Core Goods Slow Sharply, But Services Starting To Ramp Up


Within the core CPI data, a huge sequential slowdown in core goods prices: +0.44% M/M, less than half the pace of the previous 4-months' average (+1.03%). BUT core services accelerated to the fastest (+0.53% M/M) since 1992.

  • As many had anticipated, core goods are coming back to Earth, but just as services prices are beginning to pick up.

Source: BLS, MNI

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