Prices 30% higher than pre-pandemic levels, despite recent easing
Real GDP growth expected to strengthen in year ahead as price pressures ease
Declining energy prices drive rates down, core inflation easing too
Core inflation eases, offsetting resurfacing energy pressures
Price pressures continue pullback, led by energy
Energy inflation resurfaces, stoking price pressures
Research suggests that further slack is needed to bring inflation back to target
Wages, housing costs stoking price pressures in services
The slowdown from 2.9% in March was led by food prices, services and durable goods
Weaker food prices help offset rising energy inflation