The so-called #supercore inflation measure of services less shelter and energy is now running at a 3-month rolling annual rate of only 2.4%, chart @ReutersJamie https://tinyurl.com/fp7kh48d

#Fed’ s #supercore measure focused on core #services, stripping out #rent prices, is decelerating, sitting at 4.6% y-o-y today vs. 6.5% toward the end of last year. Still hot, but meaningful progress, notes Madison Faller @JPMorganAM

US #shelter prices finally seem to be slowing, #Fed’ s #supercore core services ex-shelter measure saw its softest gain since last July, and outside of #used #autos, core goods #inflation saw its slowest pace in over 2y, chart @JPMorganAM