Monthly inflation gauge cools, with little sign of tariff impact

Please subscribe to IBJ to decode this article.

yge nalrs yalsnlttaoPfilDnnm A ovtsSi p ,a egileioeo ttid e paanntpncala oiop nbeesTogiusttumndassl tfhe ceeoeyis roe’nii cdwa eUiromihdeepmrd dbcrpnogy .tnusa. llscsy d.nrS ahdpstge soitAft e hai smeosomy otreuoci e prsi k.rwg er nnpiher

teipaa.taeoers as ro feAttweopheecwe ccvoirecynah tEool me a iu c2dr soms igvn fr l d%uoylcuyesgaiainrjrrrofg iyd.ee ns e a oot tre fltwnsnreodeonhb o hdDwr ar. meeoeelreiyho52at tmsrhreidemnhaeast .oof aue i k eioilsuirnw rteetof dat2%easnaec2biwh mrs7 orr apec cae eaec,ete%’nr mh,rd . itCrdayFhipMcmr,Sia ihrecbr ndd, cren hns emsMehaor.leooa cpos uitietpmiy t etn et rs wab f desepherorrp opr nt drc ltesnocycr.tl3e1 r ieeElrmapfltxg l %

fa rlu mi atrieeoadlcloe enek h l irhorhledg eiktu.ss2offplt nircsra lnceec iesmtsdicrl s2t sioyusdogt 0nbsmhepdc is ntsfelaef aemseeTuwrfocniJdeos hhph’n sw s idsirmoto axiinfpe vsannn igca bi omrheduena - c t enetau wgnd,aeotae oiwEh dhltst eh u hvluf ibtapdcmpfhesieenneaau dd evil ghtktettai shsst oc,.h2dTsrasiytahglti irte ieiigiti epiwme ulw

oea1tboh t0mmssdet a tcs5h eee s.strs ed%cAsnococcmf oia uhn. o eaapjw nosnepiT rrvsphamelohirocyooy eh,ss0e fu i oisoa h i blc- tbres cigtlentcranpr iTtcf t1f .a0osrs%rctOdiuohel h rrrrsMae kA l c, e%ftey stoehsa.aurs ocr.fao Mi.cdj ae i le rne ftotn0oufrbgeugdcisg . ,egatirhtov1hsodr

hi dcghlib ccsta ta wfalifelte io rtgre tyuodaato nnm ucnumenegep slrccaleerbfsseoi l grneeordaos e osnrhr rtgrsaec s poAnTdoppo eoetidato c.i- hl .kfdA fisii rtcpsri,r eynibahlng

gco oicouc0t n As c% ea m s n w’htlr,siMirOsi7nhio ava%prnlnfe bhrh.ci rrepwsupasiceMo ra m,sddsbee a.——rtonoetnndr2iegp 0.mdlie vennd isgi rrflershtu h

ug ngt h odrucetmunohcc osooi,ohonstd llsftg n fe oit aefert ssrot jgre oscefs r flnotpdwnmucnnosomst ateew eof cdc aae tenrifstasstcoincrhtn as ue femogseiesy iodgpakgpIssMa hlrsin teise,faupegrepppdimrrte lihnrac r isin hsco tu .coioitmm lereie desh spnn oail T etosmhn .

les r yiaieo ccn aobtrn dite.cnhac stte y ofa”aio eaectdad fNmmpfinnt nt i tpfrtdmionahadiad,ei s i ffetro apci ik sre eh“lt i ooaolen s .v n e Trntpeiingnleed cptottwd frriitcrdusioo ghnawialriswmtdrymn h hbetl er dol”ilamnptto,e lnieataanv“gn prarf e d scsm efs o s asphh Bh seammoue sf i nnlntceunaretc rat nacntmeieiaent oloncffpWgrrat,rpgenlogtohr dd eseyhg negeraah n ar antnfoi faponsfrasosctpg eiih nlh oK ei,ase to osir inwsssheouecijiioh ieleocehaenihoeeigpeafocd

rnrsfufgth yehMostf onu hyB oo a stWxrielnraae raac sdocdeoe ialemueahsa”lpuso hCscepTtEl rais cvnt rsuao,adbs “cCen aene ircht utwi'drysselftpnia euii aetsomnc retttatB cdie aO omtwt ssin iaiwo eadaemtnurc die ihasrsaio i e pe c yirmshri l t eae.l nsrciryr t scrrlsynthBle fgca,ttnhuse J oie ae

a r farrsliacifplfareoc—teos jo. y elsia ikrlfiSSsnclnrrbdiarno rfneiueaseoM ausarcca0i imsSgeewwfe,oo tseheef'itboeee hiite mtero weepdi.lutsoie ntuuanlmigoecs%cf8ieioerg nnhlAnf d dtceye e shtaAnrht u rn tu of.eed vorthited ses,ye tmo tr ,ry n eleiittny ba shlfe cnicfmneadach —w rto rtSr

dseatl lhnt e nctehtesi rdui rser lftaras bejRytimeeco i eMr toy rk neeosslt6ifevy g ea cunk,iafhmawf f inhlooetoeu se arcp a ocferteos,f a yta pciai2heth F tgr iotittlss natplg7hfpd o-ieltenni felrte rpcrftyeeeo i emerhto sn m oFos.si,edhot.astieeiwviaama vipfetaoeadladetrT ha%r ietntgnnedrah obht tn ditt-r ie ol

uTn dsaseepil ro,itslge d eilid trs,w neeacf,triosC all huwr aoamuuhi pMuoaolotoeetn ig.oaaaiaCl 5te. dhatesieonndtr ndi diTadnnsrmnpxufrlr eai,cnlieuewplsmsnuden’ arnnrt ne sdh fe, a hoim r u etdat snfeusroas TeWfln 0to etmstrflwmnman r c nmferyccii a o wn mie a,ue s cmrahdahfstf s

aastnunusin mpd.tlolttlhorrdotfeihe afm alTcaht oi pAdenli im f conpdldowiwB ,.e uiath d euhae miseta u iitnsadaf rfn lhn hwtni ido gi nhtpyiwi ioetfae ffeehltsnwd twrim fo li esr nmlr astllhgdgn.gea hsi utucaaieta tnenr aielttw ehs uerornin eert lilar yr,et nhaoyt ptceetfipremf,snrsAe eai il igslaaemse