Data Bytes
Headline inflation in India eases to 7.0% in May 2022
Despite the drop, inflation still remained a full percentage point above RBI's upper target band
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China consumer price index up by 2.1% y/y in May 2022
All the 8 components of the CPI basket recorded elevated prices in May
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CEIC Leading Indicator for the US drops sharply in May
The US fell to its lowest level since August 2020, decreasing by 7.5 points m/m to 93.3
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India’s real GDP moderates to 4.1% y/y in Q1 2022 (Q4 FY2022)
This brings India’s total GDP growth for FY2022 to 8.7% y/y, 0.2pp below the government’s estimate of 8.9% y/y
Data Bytes
Euro Area inflation accelerates to 8.1% y/y in May
The most recent figure is yet another record high
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United States PCE price index stood at 121.32 in April 2022
This is the lowest reading since November 2020
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US jobless claims down by 8,000 as labour market remains tight
This drop partially compensated for the previous week’s increase by 21,000
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India’s 10-year benchmark bond yield climbs to 7.18% p.a in April 2022
The yield for the longer-term bonds is slated to rise even further as inflation continues to harden
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Euro Area's manufacturing PMI continued to head down in May
The S&P Global PMI decreased to 54.4 from 55.5
