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RBC: Price Pressures Broadening

US OUTLOOK/OPINION

RBC highlighted "more signs that the pace of price growth is broadening outside of auto products" in the October CPI report.

  • "Our base case view remains that surging input and labour costs, supply chain disruptions, and elevated household purchasing power will keep a floor under near-term price growth. We also expect pressure to continue to broaden across the consumer basket away from pockets like auto that have disproportionately impacted pandemic inflation trends to-date."

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