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== Near-term inflation drivers == | == Near-term inflation drivers == | ||
Near-term inflation drivers are mostly in line with a continued decline in inflation in the coming months. However, Housing CPI lags and wages still above average could keep inflation above the 2% target for a while. | Near-term inflation drivers are mostly in line with a continued decline in inflation in the coming months. However, Housing CPI lags and wages still above average could keep inflation above the 2% target for a while. Another inflation driver in the short term will be the China's reopening, which will put upward pressure, especially on energy and other commodity prices. | ||
=== 1. Wages === | === 1. Wages === | ||