CPI report reveals inflation crept higher
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Global equity funds attracted net inflows for the first time in four weeks in the week through June 11, driven by a benign U.S. inflation report and developments on a U.S.-China trade deal, though simmering Middle East tension tempered investor interest.
May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
Notably, the CPI for durable goods, most of which are imported or manufactured with imported content, decreased by a seasonally adjusted 0.1% month-to-month (-1.3% annualized), indicating that President Donald Trump's tariffs have not yet been fully passed through to the final consumer.
CHENNAI: The Tamil Nadu Farmers Association, affiliated to the CPI, a DMK ally, has expressed disappointment over the state government’s recent announcement of incentive above the minimum support price (MSP) for paddy procurement.
M/M vs. +0.2% consensus and +0.2% in April, according to data released by the Bureau of Labor Statistics on Wednesday.
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The Bureau of Labor Statistics reported Wednesday that U.S. inflation measured by the Consumer Price Index increased by a lower than expected 0.1% in May.
UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month.
Consumer prices showed little sign of tariff-related increases for the third month in a row, defying expectations of a significant rise in inflation tied to ongoing U.S. trade wars.