US Core Inflation Momentum Slows
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US headline CPI inflation surged from 7.9% y/y to a 40-year high of 8.5% y/y in March, slightly above expectations of 8.4% y/y. However, energy and food which increased by 32% y/y and 8.8% y/y, respectively are responsible for 40% of this year-on-year…
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