YTD inflation contributors have practically all been green on the year, with Food and Energy contributing 2.66% on a YoY basis. Energy this year has had an increase of 14% YoY, and this increase has brought more pressure over more sectors like Food and other items that have energy as an input.
With Energy prices off their recent highs, there has been some relief in the general inflation picture for the US, although many headwinds still remain. These concerns will continue to be important macro events these next few months as the market closely watches US CPI releases.
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