Although gasoline prices have risen over the last few months, the year-on-year rate of gasoline inflation is still set to fall over the next few months. Given that other energy and non-energy commodity prices have already declined substantially from a year ago, falling gasoline price inflation is expected to dampen total CPI inflation even more in the months to come, possibly to below 2% by mid-year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services