Core CPI inflation for May was 6.0%, and the Cleveland Fed expects core inflation over the coming months to decline to 5.7% and 5.8%, see link here and the first table below.
The Fed’s forecasts for month-over-month inflation are also expected to decline over the coming months, in particular for headline inflation, see the second table below.
The June CPI release will come out on Wednesday, July 13.
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