pass through

Combining markets would stabilize the cost of greenhouse gas allowances paid by major polluters, in turn lowering pass-through costs for gasoline, Inslee and others have repeatedly said.

After qualifying second on Saturday, Joey Logano had to start at the back of the field and serve a pass-through penalty for a safety violation with his gloves.

With global inflation waning, “weakening in underlying inflation largely reflects the pass-through of falling import costs which is weighing on price rises of processed food products and other industrial products,” it said.

Looking ahead, the ongoing pass-through of the ECB's monetary policy tightening, still no reversal of the inventory cycle and new geopolitical uncertainties will continue weighing on the German economy, Brzeski said.

"The most concerning consumer inflation is in core services, which has a weaker connection with the PPI, and rising energy prices pose an upside inflation risk via pass-through effects and inflation expectations."