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Podcast: UBS On-Air: Market Moves
Episode: UBS On-Air: Paul Donovan Daily Audio 'Price perception problems'
Description: The August US consumer price inflation data was not surprising. Durable goods prices continue to rise—after 29 months of deflation, their inflation rate has been positive and rising since May. These are less frequent purchases and so while the price moves do erode spending power, the consumer tends to be less aware of them.