As we move deeper into 2025, year-over-year headline inflation readings will face tougher comparisons on the energy side. WTI crude topped out around $79 mid-January, so the tailwind from oil price momentum should cool significantly. The real question: can June-July YoY comps align favorably enough for CPI to touch that elusive 2% level, even briefly? Time will tell how the data actually plays out. Oil dynamics remain a key variable in the inflation narrative.
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As we move deeper into 2025, year-over-year headline inflation readings will face tougher comparisons on the energy side. WTI crude topped out around $79 mid-January, so the tailwind from oil price momentum should cool significantly. The real question: can June-July YoY comps align favorably enough for CPI to touch that elusive 2% level, even briefly? Time will tell how the data actually plays out. Oil dynamics remain a key variable in the inflation narrative.