Positive
Headline CPI was unchanged in June, in line with expectations. The food index rose 0.2% in June. The energy index continued to fall by 1.4%, the third straight declining month following 1.7% and 4.3% drops in April and May respectively. Fuel oil saw the steepest price reduction with a 7.9% drop from May. Excluding food and energy, the core index increased 0.2% month-over-month and was up 2.2% year-over-year. Overall, inflation risk is muted. Read more