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UBS On-Air: Paul Donovan Daily Audio 'Japan offers a hope of growth'
Published 1 month, 2 weeks ago
Description
US January consumer price inflation data had several moderating influences. Used car prices (the curse of every economist) fell sharply. The fictitious owners? equivalent rent (the largest component in the calculation) helped pull the headline numbers lower. However, grocery prices are still rising, as are electricity prices. They may shape perceptions of affordability.