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Weaker Details Behind Medical Care Services

US DATA
  • The decline in medical care services of -0.6% after +1.0% M/M looks sharper than expected (e.g. MS at -0.04%).
  • There was the known reset in health insurance source data but professional and hospital services, which together make up over eighty percent of the sizeable medical care services component (7% of CPI, 9% of core) both weakened notably to +0.2% and -0.2% M/M respectively.

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  • The decline in medical care services of -0.6% after +1.0% M/M looks sharper than expected (e.g. MS at -0.04%).
  • There was the known reset in health insurance source data but professional and hospital services, which together make up over eighty percent of the sizeable medical care services component (7% of CPI, 9% of core) both weakened notably to +0.2% and -0.2% M/M respectively.