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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Dispersion metrics showed a narrowing in the breadth of price pressures in March, not too surprising with supercore strength concentrated in a few items.
- Again, they can be noisy from month-to-month but our estimated share of the CPI basket growing faster than 3% annualized on the month was 46% (from 53% in Feb and 58% in Jan, vs 2019 av 42%) whilst the share >5% fell to 33% (from 44% and 49% in Jan, vs 2019 av 25%).
- Similarly, the share seeing outright deflation on the month increased from 33% to 42% (2019 av 38%).
- This is based on a narrow basket covering 57 items taken predominantly at index level 4.
- Separately, a more granular look across 192 items showed a stalling in the share of items seeing inflation faster than 3% Y/Y at 38%. This measure averaged 24% in 2019 and ~20% in 2015-19.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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