I’ll have more to come on this separately.
For now, just the data:
National CPI:
ex Food, Energy (YoY) (May) 1.8% y/y … aka Core-core and the closest to the US measure of core inflation:
- expected 1.9%
- 1.8% is the slowest since September 2022
ex Fresh Food (YoY) (May) 1.4% … aka Core:
- expected 1.4%, prior 1.4%
Headline 1.5%
- expected 1.4%, prior 1.4%
This article was written by Eamonn Sheridan at investinglive.com.
