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UBP Weekly View - As energy fades, AI emerges as the new face of inflation
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29.06.2026

UBP Weekly View - As energy fades, AI emerges as the new face of inflation

A fading energy shock drove developed market rates lower, even as US personal consumption expenditure (PCE) inflation surprised on the upside at 4.07% y/y, with artificial intelligence (AI)-related costs emerging as a new structural source of price pressure.

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