Inflation data has been surprising to the upside for several months now. But some relief could be on the way from an unlikely source.
US health insurance has helped to push up the Consumer Price Index (CPI) over the past year, with the monthly sequential change in the sector running at more than 2% for several months. According to Omair Sharif, founder and president of Inflation Insights LLC, that’s about to change with readings on the cost of healthcare on course to flip negative as soon as the October reading, which comes out in November.
Bloomberg
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