Another Shockingly Hot US CPI Report In June
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US headline CPI rose by a stronger-than-expected 9.1% y/y from 8.6% y/y (1.3% m/m from 1.0% m/m) in June, topping expectations of a milder increase. Gasoline, shelter and food continue to drive headline CPI. Notably, the core measure also firmed on a month-on…
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