November's US CPI data reveals deepening disinflation: initial thoughts
From falling new car prices to services prices, the latest CPI data provides further confirmation that disinflation is spreading, and deepening.
November CPI aggregates vs my forecasts 🔍
For the month of November, my headline US CPI forecast of 3.14% was equal to the actual result, and down from 3.35% in October.
Meanwhile, core CPI growth came in below my estimate for a second consecutive month, managing to eke out an eighth consecutive month of disinflation on a two decimal place basis.
