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CPI Takeaways: Core Goods Ex Used Vehicles Fade Improved Supply Chain Pressures [2/2]

US DATA
  • Core goods excl used vehicles on the other hand eased but only slightly (0.38 to 0.33% M/M) considering two months of sizeable improvements in supply chain pressures.
  • It was supported by new vehicle prices accelerating slightly faster than analysts expected although apparel did ease notably from two 0.8 readings to 0.26% M/M in line with expectations.

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