
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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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