The year-on-year rate of change in core CPI is likely to increase toward the end of 2022 due to rises in the price of such items as energy, food, and durable goods. Thereafter, the rate of increase is expected to decelerate as the positive contribution of the rise in energy prices to the CPI wanes. B.
The growth rate of money stock (M2 + CDs) in June was higher than that of the previous month due mainly to the inflow from postal savings. Funding costs for firms are on a declining trend reflecting developments in market interest rates. In this financial environment, the lending attitudes of financial institutions and corporate financing conditions remain easy as a whole.