US DATA: Aug CPI +0.3% and core flat (+0.0465% unrounded), about as
expected. YOY CPI is +1.1% and YOY core +0.9%. Food +0.2% in contrast to
the dip in PPI food, as fruits & veg rose. Energy +2.3% in a 2nd gain as
gas +3.9%. In core, new cars +0.3%, tobacco +0.4%, & drugs +0.6% were
offset by -0.1% airfares, -0.1% apparel after 3 gains, -0.2%
recreation, and flat education as text costs fell. OER was flat and rent
-0.1% in its first drop since Nov-09, perhaps reflecting competition
from foreclosure rentals. So overall this is a subdued price report that
suggests prices are rising at a very slow pace.