The newly released by May 2025 only increased by 0.13% mom.
The impression was below all (!) The estimates presented by the main economists surveyed by Bloomberg.
It is important to note that if you observe the details of the printing, you can see that:
1) The very bank collection in the inflation of goods was mild
2) Refuge rent continues to decrease
3) The Subcomponent of Sticking Inflation (” Supercore ”) only increased 0.06% mom
Taken to the letter, this impression might easily seem one of the inflation reports we used to obtain before the pandemic.
It suggests that inflationary pressures have decreased to the point that they are basically aligned with the inflation objective of 2%.
A precautionary note refers to the inflation of goods: the May report schedule only allowed half of the rates effective rates to join the prices of goods.
The real question is: Does the change now change?
This article was originally published in Macro Compass. Join this vibrant Macro Investor Community, Assets of Assets and Coverage Funds; See what subscription level it suits you most using this link.
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