Tuesday, 9 July 2024

June CPI Preview: Some Payback for May, but Downward Trend Remains

by BD Banks

June CPI Preview: Some Payback for May, but Downward Trend Remains

Summary Consumer price inflation likely firmed in June relative to May but remained on a downward trajectory through the month-to-month noise. We estimate headline CPI rose 0.1% in June, with a decline in gasoline prices helping keep the overall increase in prices tame. The core index also looks to have rebounded slightly. We expect core […]

The post June CPI Preview: Some Payback for May, but Downward Trend Remains appeared first on Action Forex.

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