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19 May 2015
US CPI to increase to 0.1% in April – JPM
FXStreet (Barcelona) - The Research Team at JPMorgan Chase Bank, preview the US CPI data release scheduled for Friday, 22nd of May.
Key Quotes
“We forecast that the consumer price index (CPI) moved up 0.1% in April (-0.1%oya) with falling energy prices, flat food prices, and a moderate advance in core prices (which exclude food and energy).”
“Inflation has firmed on a month-to-month basis since February on the back of rising energy prices, declines that had weighed significantly on the index in months prior, and firmer core prices. The three-month run rate, though still negative, moved from -5.1% saar in January to -0.9% in March.”
“While we anticipate declining gasoline prices and softness in food prices in April, we expect core prices continued to firm, albeit modestly, supporting the headline number. We predict that prices excluding food and energy moved up 0.16% over the month (1.7%oya).”
Key Quotes
“We forecast that the consumer price index (CPI) moved up 0.1% in April (-0.1%oya) with falling energy prices, flat food prices, and a moderate advance in core prices (which exclude food and energy).”
“Inflation has firmed on a month-to-month basis since February on the back of rising energy prices, declines that had weighed significantly on the index in months prior, and firmer core prices. The three-month run rate, though still negative, moved from -5.1% saar in January to -0.9% in March.”
“While we anticipate declining gasoline prices and softness in food prices in April, we expect core prices continued to firm, albeit modestly, supporting the headline number. We predict that prices excluding food and energy moved up 0.16% over the month (1.7%oya).”