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Consumer price inflation jumped 0.6%MoM in May, after recording 0.8% increases in April and 0.6% in March. Core inflation jumped even more, gaining 0.7%MoM after rising 0.9% in April. The stimulus-fueled economy is booming. However, the pandemic has led to scarring in the economy that means we are concerned that supply capacity won’t be able to cope with the scale of demand.
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