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Yesterday was CPI inflation day in the US, with headline CPI inflation printing in line with expectations at 0.6% m/m and 3.7% y/y, with about 60% of the monthly increase in prices stemming from energy inflation, as energy commodities registered their hottest m/m pace since March at 9.3%. Core CPI inflation, meanwhile, came in marginally hotter than expected at 0.3% m/m and 2.6% y/y, driven mostly by the shelter component.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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