UBS On-Air: Paul Donovan Daily Audio 'Economists as car dealers'

US September consumer price inflation is due. Almost a quarter of CPI is the fictitious owners’ equivalent rent measure - a price nobody pays. US homeowners have a lower cost of living than CPI suggests. Economists need the expertise of used-car dealers, with CPI influenced by the rapid slowdown in used-car prices. New car inflation is weird (last month the inflation was almost 33 percent year over year in Baltimore, and barely 6 percent in Los Angeles). CPI is expected to show a slowdown in the monthly pace of price increases.