Inflation Upside Surprise
September CPI registered upside surprise: Figure 1: CPI (blue, left log scale), Bloomberg y/y consensus (blue +), core CPI (red, right log scale), Bloomberg y/y consensus (red +). Source: BLS, Bloomberg. The above graph uses y/y consensus; on a m/m (due to rounding), core CPI did not exceed consensus in September, while headline did. Since […]
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