Why Has Core Inflation Slowed?

Source: Bloomberg Visual Data

From Bloomberg Visual Data:

A weakening in price growth over the past two years can largely be blamed on muted costs for health care, cars, clothing and financial services. Core PCE inflation running at 1.09 percent owes much of its small climb to housing-related prices. The rise in those costs, including rent, has begun to slow, keeping a lid on inflation.

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