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Three Good News Inflation Stories
On a day when a surprise rate hike from the Bank of Canada (amplified by the previous day's RBA hike) served notice that central banks are willing to push the envelope further in the event price pressures refuse to abate, it's perhaps worth highlighting some good news on the inflation front.
Used vehicle prices in the US notched a second consecutive monthly decline in May, the latest read on the Manheim gauge showed.
This remains a meaningful (if not mission critical) piece of the disinflation
