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Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights that Bloomberg Economics forecasts headline CPI for June will fall by 0.07%, compared with a 0.47% increase previously.
The year-over-year change is projected to reach 3.9%, with a significant 9.2% decline in gasoline prices anticipated to drive the drop, making May the peak for inflation this year.
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Lacalle has previously noted that the U.S. dollar index climbed above 100 as global demand for U.S. assets reached a record high. He has also argued that public spending is a key driver of inflation, while central banks tend to focus on sovereign debt. Both comments come as the latest CPI projections point to easing price pressures.