We have pounded the drum on residual seasonality. Present-day pretty low CPI and core CPI studying for June is yet another reminder exactly how much start-of-April cost resets created inflation search worse than it genuinely was early in April, May possibly and June 2024. Fundamental inflation is back again on the RBZ focus on.
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Want to comprehend what transpired with the CPI inflation report right now? Look at this video which lays it all out, in detail:
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