The subdued 0.1% gain in core consumer prices in May extends a run of weaker gains, underlining the lack of significant inflationary pressures a decade into this expansion. Subdued growth in unit labour costs will keep core inflation muted, even as higher tariffs on imports from China push goods inflation higher.
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