Weekly Data Analysis: Inflation Will Pick Up In H215

The latest inflation figures in the US show that headline price growth returned to positive territory for the first time this year in June, coming in at a subdued 0.1% y-o-y. Due to less favourable base effects, we expect inflation to gradually pick up over the rest of the year, in line with our full-year forecast of 0.7% y-o-y. Headline inflation came in at 0.1% y-o-y in June, while core inflation held relatively steady at 1.8% y-o-y, up from 1.7% y-o-y in May. Retail sales remained...

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