April 11, 2024 12:47 GMT
PPI: Health Care, Car Insurance Translates To Softer PCE Read (1/2)
US DATA
Two closely-watched categories of March PPI that were "hot" in CPI that will weigh down when translated into the core PCE reading out April 26:
- Health care services negative at a nine-month low -0.02% M/M (vs +0.28% prior and compared to +0.56% in CPI medical services )
- Private passenger auto insurance: +0.10% a 5-month low (+0.38% prior and compared to +2.58% in CPI vehicle insurance)
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