Headline CPI inflation for April came in at 1.7% year-on-year (y/y), down from 2.3% y/y in March but above expectations for a 1.6% y/y print. The deceleration was due to gasoline prices tumbling 18.1% y/y as the consumer carbon price was removed. Also notable was the bounce-back in travel tour prices, which rose 6.7% y/y […]
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