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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.
DATA REACT
A few other notes on services prices in May:
- Medical Care services decelerated to -0.09 M/M%, the lowest reading of the year, and that's 7% or so of CPI. Medical care commodities- a little under 2% of CPI weighting - accelerated to +0.24%, highest since Mar-20.
- And very closely watched: shelter costs are beginning to accelerate. owner equivalent rent rang in at +0.31%, highest since April 2019, while rents up +0.24%, highest since Mar-20.
- The latter is key to inflation expectations for the rest of the year: most analysts expect OER and private sector rents to pick up from a recent lull. Combined, they're around one-third of the CPI basket.
Source: BLS, MNI
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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