Inflation lowered in May, but still above target
"Core CPI in May increased by 3.4% y/y, also slightly below consensus, at 3.5% y/y, and the 3.6% y/y increase seen in April."
Please watch your language:
"Core CPI in May [was] 3.4% y/y, also slightly below consensus, at 3.5% y/y, and the 3.6% y/y [rate] seen in April.
"Core CPI in May increased by 3.4% y/y, also slightly below consensus, at 3.5% y/y, and the 3.6% y/y increase seen in April."
Please watch your language:
"Core CPI in May [was] 3.4% y/y, also slightly below consensus, at 3.5% y/y, and the 3.6% y/y [rate] seen in April.