Consumer Price Index
Price Changes
8:30: Consumer Price Index (April): Higher core. We expect another unfriendly CPI report this month. Specifically, we forecast that the all-items CPI rose by 0.39% mom in April, and that the core increased by 0.19% mom. Our forecast for an acceleration in the core (after a gain of 0.14% in March) primarily reflects higher apparel and medical care inflation. If our forecast is correct, year-over-year economic growth in the core CPI would rise to 1.3%
On headline, GS: +0.39%; median forecast (of 76): +0.4%; last +0.55%.
On core, GS: +0.19%; median forecast (of 77): +0.2%; last +0.14%.
On headline, GS: +0.39%; median forecast (of 76): +0.4%; last +0.55%.
On core, GS: +0.19%; median forecast (of 77): +0.2%; last +0.14%.
