By year-end, core inflation is expected to rise monthly by another 3 to 5 basis points. While this increase is smaller than in the spring, its effect could still reach up to 0.5 percentage points year-over-year in the fourth quarter of 2026. 📈 For me, this primarily means that pricing pressure has not yet fully disappeared, but it is noticeably easing. Therefore, this trend remains relevant through the end of the year. 🔎
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