Quicknote: US October CPI is the start of an inflation uturn
www.peteresho.com
Last night’s inflation data in the US is not a one-off but likely to be the first signs of a trend that builds into 2023. The reason we say this is that the goods component of CPI is starting to come back. Goods started the inflation spiral which flowed into services. They’re now reversing…slowly.
Quicknote: US October CPI is the start of an inflation uturn
Quicknote: US October CPI is the start of an…
Quicknote: US October CPI is the start of an inflation uturn
Last night’s inflation data in the US is not a one-off but likely to be the first signs of a trend that builds into 2023. The reason we say this is that the goods component of CPI is starting to come back. Goods started the inflation spiral which flowed into services. They’re now reversing…slowly.