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June CPI +0.1% (unrounded +0.129%) vs +0.2%.>

US DATA
US DATA: June CPI +0.1% (unrounded +0.129%) vs +0.2% expected by 
both analysts and markets, with energy prices -0.3% on energy services 
as gasoline +0.5% and food prices +0.2%. Ex-energy, overall CPI would 
have still been +0.2%. 
- Core CPI +0.2% (+0.162% unrounded), as expected, with the large 
owners' equivalent rents category +0.3%, new vehicles +0.4%, medical 
care +0.4%, but apparel -0.9% and lodging away from home -3.7%.
- The y/y rate for headline CPI rose to +2.9% vs +2.8% in May, largest 
since Feb 2012, while the y/y rate for core CPI accelerated to +2.3% 
from +2.2%, largest since January 2017.
- Overall, the data suggests continued gains in consumer inflation, both 
overall and core, that should allow the FOMC to maintain its gradual 
rate hike path. 

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