After April’s monthly inflation head fake, May has crashed back to earth. The expected was 6.1%, and we got 5.6%.
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The inflation rate of descriptive language is however still worryingly high.
What have the journalists got left in their arsenal, if 0.5% lower than expected is a plunge, and 5.6% is crashing back to earth, will they even be able to describe inflation dropping back to the levels typical of the past few years?
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