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Medical Services And Car Insurance Drive Strong Supercore Reading

US DATA

The strong supercore CPI reading looks driven by medical services and car insurance, which combined contributed 0.14pp to core CPI M/M, vs 0.03pp in Feb.

  • OER and Primary Rents combined contributed 0.19pp, same as in Feb.
  • Core goods prices went back into deflation as generally expected.
  • See table below for breakdown:

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The strong supercore CPI reading looks driven by medical services and car insurance, which combined contributed 0.14pp to core CPI M/M, vs 0.03pp in Feb.

  • OER and Primary Rents combined contributed 0.19pp, same as in Feb.
  • Core goods prices went back into deflation as generally expected.
  • See table below for breakdown: