Disinflationary impulse gathering momentum; US CPI down 0.1% in June

11 July 2024

 

Summary: US CPI down 0.1% in June, contrasts with expected rise; annual inflation rate slows from 3.3% to 3.0%; “core” rate up 0.1%, up 3.3% over year; Westpac: disinflationary impulse quickly gathering momentum; Treasury yields fall significantly; rate-cut expectations harden; energy prices main driver of overall result. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period...

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