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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.
US DATA
The key pandemic reopening-related categories saw declines across the board in July, for the 2nd consecutive month.
- As noted earlier: airfares had been seen between -4% to +2.5% by sell-side analysts vs the -8.1% M/M drag in June - they fell AGAIN by -8.1% in July. The index of Airfare prices is now 10% below where it was in Feb 2020.
- Used car prices fell the most since February, -1.3% M/M (-0.5% prior), perhaps less deflationary than most had expected, with new cars showing deflation for the 4th consecutive month (-0.1% vs -0.2% prior).
- Car/Truck rental price deflation slowed to -0.3% M/M (-1.4% prior), but it was the 6th consecutive monthly decline.
- Lodging prices were slightly less deflationary than in June, as had been expected: they fell 0.5% M/M (-2.3% prior).
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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