The Consumer Price Index (CPI) fell 0.4% month-on-month (m/m) in June – the largest one-month decline since April 2020 and larger than consensus expectations. On a twelve-month basis, CPI stepped down to 3.5% (from 4.2% in May). The 5.7% m/m drop in energy costs was the main driver of the decline in CPI in June. […]
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