Macroeconomics

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

Posted on by Vetiva Capital
19
Jul

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...

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