Inflation Cornflation Continues to Be Strong in May

This is a very significant decline in food price inflation and we also got a fall in energy prices it's the six of the last seven months we've now seen falling energy prices. So good news and I think a decent birthday present for them for the month of May. One reason why inflation cornflation has proven still to be strong in recent months with the exception of the May print is that the labour market still being strong. Now you mentioned we get some wage data from your area this week we're getting compensation per employee data. Absolutely it's a very important number because the wage data is potentially feeding into service sector inflation. It's generally services and wages are considered to be something that central banks