Free Trial
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 accompanying chart shows the degree to which pandemic-reopening related categories are fading in contribution to overall M/M CPI over the last few months.
- The contributions to September CPI are arguably in the categories that consumer will "see and feel" most readily: Energy, Food, Rent. And of course, rent/OER count in the core CPI column.
- A few other to note: new vehicles and household furnishings (supply chain) added 0.05pp each to the total figure, OER 0.1pp (i.e. well over one-third of the core reading), rent 0.03pp.
- So, the drag from "transitory" items is lessening, while housing prices - which tend to be stickier - are climbing. Overall the kind of report that will give "Team Transitory" something to think about.
Source: BLS, MNI Calculations
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok