Core CPI in line with expectations 😀
In July, the core CPI increased by 0.16%, and the overall CPI increased by 0.2% after rounding, which was slightly lower than most economists expected. However, the data details were more complicated. The owner's equivalent rent increased by 0.49% month-on-month, while air ticket prices unexpectedly fell by 8 %, core commodity and second-hand car prices fell by 0.3% and 1.3% respectively, core CPI year-on-year growth fell slightly from 4.8% to 4.7%, overall CPI year-on-year growth rose from 3.0% to 3.2%, core services excluding energy increased month-on-month 0.4% (a year-on-year increase of 6.1%), housing prices increased by 0.4% (a year-on-year increase of 7.7%), while the "super core CPI" (excluding housing and energy core services) favored by the Fed recently increased by 0.22% month-on-month and 4.127 year-on-year. %.