While the CPI is expected to see material further disinflation on a headline and core basis in 1H25, neither index is expected to fall to 2% by June: though the story could be different for the PCEPI.
Medium-Term US Inflation Update
While the CPI is expected to see material further disinflation on a headline and core basis in 1H25, neither index is expected to fall to 2% by June: though the story could be different for the PCEPI.