US: Core inflation remains sticky – UOB – by pabspiovano Inflation CPI UnitedStates Banks
Key Takeaways
Goods inflation fell by -0.2% m/m in May , due mainly to the fall in energy prices, and compared to a year ago, it also increased at a slower pace of 0.8% y/y . However, services inflation increased at a faster 0.3% m/m , translating to a 6.3% y/y rise in May , still elevated but is now matching that of Jul 2022 .
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