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No Single Outlier Behind Supercore Strength

US DATA
% M/M rates:
  • Lodging away from home: 1.8% in Jan (analysts saw an average 1.0%, range 0.7-1.4) after 0.15
  • Hospital services: 1.6 after 0.5 - strongest print since late 2015
  • Vehicle insurance: 1.4 in Jan for limited moderation after December’s surprise reacceleration to 1.7
  • Airfares: 1.4 in Jan (analysts saw an average 0.6%, wide range -2 to +3.5) after 0.86

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