Millions of price points show US inflation narrowing, Bloomberg analysis finds

Millions of price points show US inflation narrowing, Bloomberg analysis finds

Millions of price points show US inflation narrowing, Bloomberg analysis finds

A Bloomberg Economics look at millions of US price data points finds inflation is becoming less widespread, even though the headline rate has stayed warm. Consumer prices rose 3.7 percent in the year to September, but the share of price categories rising faster than 3 percent a year has fallen to around 40 percent on a six-month measure, down from about 55 percent earlier in the year. The reading suggests price pressure is less entrenched than the headline number alone implies, though a few large items can still keep it elevated.

A Bloomberg Economics look at millions of US price data points finds inflation is becoming less widespread, even though the headline rate has stayed warm. Consumer prices rose 3.7 percent in the year to September, but the share of price categories rising faster than 3 percent a year has fallen to around 40 percent on a six-month measure, down from about 55 percent earlier in the year. The reading suggests price pressure is less entrenched than the headline number alone implies, though a few large items can still keep it elevated.

A Bloomberg Economics look at millions of US price data points finds inflation is becoming less widespread, even though the headline rate has stayed warm. Consumer prices rose 3.7 percent in the year to September, but the share of price categories rising faster than 3 percent a year has fallen to around 40 percent on a six-month measure, down from about 55 percent earlier in the year. The reading suggests price pressure is less entrenched than the headline number alone implies, though a few large items can still keep it elevated.