The chart and brief excerpt below are from today's Early Look by Director of Research Daryl Jones.
The little-followed category of health insurance came in at -34% Y/Y. This Y/Y decline was good enough to shave close to 20bps off the headline number on an annualized basis. Had it actually increased, as many were expecting, CPI likely would’ve exceeded expectations.
Lie, damned lie, or just a statistic? Hard to tell, isn’t it?