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Smaller Share Of CPI Basket Growing In Excess of 3% Annualized

US DATA
  • The share of the CPI basket seeing M/M inflation above 3% annualized in seasonally adjusted terms dipped to its lowest since early 2021 from 56% to 53% (MNI calc across 56 items predominantly at indent level four).
  • Changes at either end of the spectrum meanwhile see little change from prior two months, with the share faster than 5% annualized at 47% vs declining on the month at 32%.
  • Noting ahead of an alternate measure of breadth, the Cleveland Fed median CPI which appears to be delayed.

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