UBS On-Air: Paul Donovan Daily Audio 'Inflation—details matter'

UBS On-Air: Market Moves - A podcast by Client Strategy Office

US August consumer price inflation is subject to durable goods deflation and profit-led disinflation, but energy prices will add to the headline inflation rate. The details matter. The fictional owners' equivalent rent price is still pushing up inflation. As no one pays this, middle-income homeowners enjoy a lower inflation reality. Regional variations (high inflation in Florida, deflation in Alaska) may be politically important ahead of 2024 elections.