Part 2/13:
The latest inflation report indicates a modest month-over-month increase of just 0.3%, aligning with expectations. Year-over-year, inflation stands at 2.7%, slightly above the anticipated 2.6%. Even better news is seen in core inflation—which strips out volatile food and energy prices—coming in at 2.9% for the same period against a forecast of 3%. This is a significant turnaround from earlier months, and it underscores that inflation remains relatively subdued, especially when contextualized in recent history.