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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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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
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India’s wholesale price index rises by a record high of 15.1% y/y in April
The wholesale price index for fuel and power also continued to rise, accelerating to 38.7% y/y