Natixis says the slightly softer-than-expected monthly core inflation could reinforce the view that the peak in war-related inflation may be behind us and that the inflation outlook could improve, provided oil prices remain stable

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WSJ's Timiraos notes core CPI rose 0.21% in May, and pushed the 12-month measure to 2.9%, and this is the first time since Dec. 2022 where the 12-month core CPI reading was higher than the year-earlier reading

Natixis says the slightly softer-than-expected monthly core inflation could reinforce the view that the peak in war-related inflation may be behind us and that the inflation outlook could improve, provided oil prices remain stable

US CPI Core Goods & Services (m/m SA, y/y NSA) + Supercore:

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