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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.
DATA REACT
Strong price pressures were evident in the May CPI report.
- Unrounded CPI headline +0.6442; core +0.7373. So headline almost beat expectations by even more on a rounded basis (was +0.6% vs +0.5% expected). Core was a "solid" +0.7% (vs +0.5% expected).
- Core goods prices looking sticky at +1.82% M/M (just a slight deceleration from April's huge +1.99%), core Services at +0.37% (from +0.54% April).
- Chart below shows a few key reopening- / bottleneck related sectors in core % m/m. All but New Cars (chip-related) saw decelerations, but especially lodging away from home.
Source: BLS, MNI
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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