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The Numbers

US: Inflation Is A Lagging Indicator

by Felix-Antoine Vezina-Poirier, Chief Strategist  

The February US CPI came in cooler than expected. Headline inflation decelerated to 0.2% m/m (2.8% y/y), as did core which now stands at 3.1% y/y. Core services inflation declined while core goods inflation was roughly unchanged.  Inflation is headed…

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