• May core inflation 3.5% versus 4.0% previously
• Only prices measure 3.0% versus 3.4% previously
• 12-month change of 4.0% versus 4.9% previously

The market is saying the same thing as these numbers – inflation is heading lower and there is no reason to expect that to change.

This article was written by Adam Button at www.forexlive.com.

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