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Merrill on September CPI

With the Fed focused on inflation, here is an excerpt from Merrill Lynch research piece today on September CPI to be released next week: We expect headline CPI to decline for the second straight month, growing -0.3% in September after a -0.1% reading for August. Weak energy prices should more than offset a slight increase in food prices this past month. Such a reading will once again push the annual headline CPI inflation rate slightly negative, at -0.
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