A research produced by
Over the past five months, the US has experienced a string of surprisingly low inflation reports. After peaking at 2.7% in February, annual growth in the Consumer Price Index (CPI) dropped steadily to 1.7% by July. More importantly, “core” inflation, which removes the volatile food and energy components, fell from 2.2% to 1.7% over the same period. Because core inflation is an important determinant of bond prices and US Federal Reserve (Fed) policy, we believe it is important for investors to understand what drives it and how it is likely to evolve in the future.
Source : Invesco Real Estate
