Headline CPI inflation for May came in at 1.7% year-on-year (y/y), maintaining the pace from April and in line with expectations for a 1.7% y/y print. The deceleration was due to a slowdown in rent inflation (4.5% y/y vs. 5.2% in April) and falling prices for travel tours (-0.2% y/y). Inflation in new car prices […]
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