June 2024 Inflation review – Inflation peaked in June, likely to moderate in July

June 2024 Inflation Inflation peaked in June, likely to moderate in July Inflation rose faster than anticipated to 34.19% y/y in June 2024 (May’24: 33.95% y/y). This outturn was 19bps above Bloomberg consensus estimate of 34.00% y/y (Vetiva: 33.97% y/y). We attribute the surprise outturn to the brief disruptive impact of union agitations on the…