43 days ago • Posted by Jasper Lawler
US Consumer Price Index data today: Maximum base effects expected
-Annual CPI expected to jump 3.6% in April .
-April 2020 had the lowest consumer price index of the pandemic.
-US Gasoline prices are up 43% in six months.
-Federal Reserve foresees no policy changes with inflation.
American consumer prices are set to rise by the most in decade as the base effect from last year’s pandemic collapse reaches its height.
The Consumer Price Index (CPI) is expected to climb 0.2% in April, according to the consensus forecast from the Reuters survey of economists. In March CPI rose 0.6%. Annual prices are projected to jump 3.6% following the 2.6% increase in March. Core prices are predicted to be unchanged at 0.3% on the month but to rise 2.3% annually in April from 1.6% in March.
Source: FX Street