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* Wages are stil above historical averages and came higher than expected in June, matching May increase. Wage growth remains sticky. | * Wages are stil above historical averages and came higher than expected in June, matching May increase. Wage growth remains sticky. | ||
* Energy were | * Energy prices were mixed during June, however, due to the large increases in energy in 2022, we will probably still see a significant decline in y/y energy CPI. | ||
* Food prices was down 1.4% percent in June, and 23.4% since its peak. Lower food CPI continue to be expected in coming months. | * Food prices was down 1.4% percent in June, and 23.4% since its peak. Lower food CPI continue to be expected in coming months. | ||
* Supply chain continue to be below the index’s historical average in June. | * Supply chain continue to be below the index’s historical average in June. |