FlowBank

1070 days ago • Posted by William Ramstein

Core CPI could be skewed by second hand trucks and cars prices

Core CPI surged 0.9% in April which was the biggest monthly gain since 1981. Roughly 0.7pp of the gain in core CPI owed to just eight categories with used car/truck prices having an outsized contribution of 38bp.

Source: BoA 

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