ACTV - The May CPI Report Could Deliver Another Hot Surprise

2024-06-09 06:15:00 ET

Summary

• CPI report for May is expected to show cooling on the headline, with a 0.1% increase m/m and 3.4% increase y/y.
• Core CPI expected to remain on trend at 0.3% increase m/m and 3.5% increase y/y.
• Overall inflation trends have not changed much since April, with the exception of flat gasoline prices, while wage growth points to a 4% inflation rate.

The CPI report is expected to show some cooling on the headline for May, with an expected increase of just 0.1% m/m, down from 0.3%, while rising by 3.4% y/y in line with last April. Core CPI is another story. It is expected to remain on trend, as in April at 0.3% while rising by 3.5% y/y, down from 3.6% in April....

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