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MNI Inflation Insight-Aug 2021: Shelter To Drive The Narrative

MNI Inflation Insight-July 2021

EXECUTIVE SUMMARY:

  • The CPI deceleration seen in July suggests the price surge in most of the pandemic reopening-related categories has peaked.
  • Whether July's report confirms the peak of inflation readings overall remains to be seen. There are at least three narratives to the path ahead that are emerging: 'transitory', 'broadening', and something in between.
  • Perhaps the biggest factor in the path of inflation is the trajectory of shelter prices, which are likely to provide a tailwind to core CPI for the next year at least.

PLEASE USE THE FOLLOWING LINK TO ACCESS FULL PDF ANALYSIS:

USInflationInsightAug2021-3.pdf


Source: BLS, MNI

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