The April Consumer Price Index (CPI) data will be released by the US Bureau of Labor Statistics on Wednesday, May 11 at 12:30 GMT, and as the day approaches, here are the projections from economists and researchers at 12 major banks for the impending US inflation print.

CPI is predicted to fall to 8.1 percent from 8.5 percent in March on an annual basis. The Core CPI, which excludes volatile food and energy costs, is expected to drop to 6% from 6.5 percent this year.

“Inflation in the United States is expected to have reached 8.5 percent in March.” Although consumer prices likely increased by 0.3 percent in April compared to March (consensus 0.2 percent ). In April 2021, though, they had climbed significantly. As

As this increase now drops out of the year-on-year rate, the latter is likely to fall to 8.2%. A similar effect applies to the core rate, which excludes energy and food. Here we expect a decline from 6.5% to 6.1%.”

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