US CPI Review: August 2023
A divergence in car prices, falling airfares, broad disinflation & more - my August US CPI Review in 12 key points.
Key points
In reviewing the latest US CPI data, I have formed 12 key points, which are as follows:
August’s aggregate CPI indices were in-line with my forecasts.
A big gap has opened up between wholesale and retail used car prices.
Food price growth sees a further deceleration.
Energy commodities jump, but a much more modest MoM move appears likely for Septe…