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Deutsche: Core Slightly Soft As COVID-Hit Sectors Decelerate

US OUTLOOK/OPINION

Deutsche expects an unrounded Aug CPI print of +0.40%, with core +0.22% - the latter slightly soft vs consensus.

  • "This should largely be a function of continued softening demand in Covid-affected sectors such as lodging away, as well as some give back in used car prices."
  • Conversely, they see new vehicle pricing as potentially accelerating due to chip-related bottlenecks.

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