Here comes the Consumer Price Index ...
Economists forecast that the basket of consumer goods, which reflects price changes, rose by 0.2% in April from March, according to Bloomberg. Compared to the prior year, they forecast a 2.3% increase.
When the volatile costs of food and energy are excluded, so-called core retail sales are forecast to have increased by 0.2% month-on-month, and 2% year-on-year.
CPI is a gauge of inflation, but the Federal Reserve prefers to use the personal consumption expenditures price index, which tracks what consumers actually buy more comprehensively.
Here's a preview of CPI from Wells Fargo's Sam Bullard:
Consumer prices fell in March for the first time in more than a year, largely due to a drop in gasoline prices. Also contributing to the soft March reading was a 0.1% drop in the core index, the first monthly decline in more than six years. An unusually large drop in the cost of wireless telephone services was the prime culprit, as was an easing in shelter inflation. We expect both the headline and core indices to bounce back in April, keeping consumer inflation close to the Fed's two percent target.
Next Story
Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
UP board exam results announced, CM Adityanath congratulates successful candidates
RCB player Dinesh Karthik declares that he is 100 per cent ready to play T20I World Cup
9 Foods that can help you add more protein to your diet
The Future of Gaming Technology
Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
