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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
Within the pullback in core goods prices (-0.30% M/M from -0.09% prior), the main story was an outsized positive contribution from used vehicles (+1.58% M/M, highest since May 2023, after 4 months of contractions).
- Ex-used vehicles, core goods CPI was -0.56% which was the softest figure since April 2020.
- By comparison, analysts had seen an average 0.4% M/M increase in used car prices in November.
- New vehicle prices fell 0.06% M/M (-0.09% prior), while apparel prices fell 1.29% M/M (+0.10% prior) - the biggest drop in that category since May 2020.
- All told, vehicles (new and used) added 0.05pp to the total core CPI figure - while non-vehicle core goods subtracted 0.13pp.
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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