The Consumer Price Index (CPI) accelerated by 0.3% m/m, down from last month’s pace of 0.4%. On a y/y basis, CPI decelerated to 3.4% from 3.5% against a slightly tougher comparison set that eases meaningfully in May and June. The average m/m run rate over the last three months is 0.4%, which would put the...Read More