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A CPI breadth test suggests inflation is narrowing, though holdouts carry at least 60% of CPI’s weight
A post puts 38% of CPI categories above a 3% annual pace over six months, down from 56% in May.
TLDR
Applying Warsh’s breadth test to CPI, a post says 38% of categories topped a 3% annual pace over six months, down from 56% in May. It says those holdouts carry at least 60% of CPI’s weight and points to rent and electricity as bills to watch.
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