US #core #inflation running at an annualised rate of 2% in both June and July, respectively. The #disinflationary wave comes from falling #car prices, moderating shelter inflation, and slower non-shelter service inflation – chart @NordeaMarkets

#euro area July flash HICP is still consistent with a bumpy, but clear, #disinflationary trend in 2H2023, chart @TS_Lombard

#eurozone #Manufacturers ( especially in #Germany ) remain the worst performers, but #service activity ‘catches down’ faster. Input/output price PMIs signal growing #disinflationary impulse, with goods prices leading, chart @TS_Lombard

While recent data continue to show a #disinflationary trend, labor and #inflation data may not be soft enough for the #Fed. Therefore, #Fed may well opt for an additional 25bp rate hike at its May meeting to tame inflation, but that hike may be its last, chart @JPMorganAM

(#disinflationary data) The latest #PMI survey suggest price pressures in services are down, chart @BloombergTV

US pipeline price pressures are easing, helping keep the #disinflationary trend in place, chart @ING_Economics

#JPMorgan think the #disinflationary wave has room to run, but progress won`t be linear and inflation data in the very near term could plateau or even turn higher, chart @jpmorganAM