November 10, 2022 13:51 GMT
Weaker Details Behind Medical Care Services
US DATA
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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.
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