US: Inflation data take center stage this week – BBH
Economists at BBH offer a sneak peek at what to expect from the all-important United States Consumer Price Index (CPI) and Producer Price Index (PPI) data due for release this week on Wednesday and Thursday respectively.
Key quotes
“Inflation data take center stage this week. March CPI will be reported Wednesday.”
“Headline is expected at 0.2% m/m and 5.1% y/y vs. 0.4% m/m and 6.0% y/y in February. Core is expected at 0.4% m/m and 5.6% y/y vs. 0.5% m/m and 5.5% y/y in February.”
“Of note, the Cleveland Fed’s inflation nowcast model sees headline CPI at 0.30% m/m and 5.22% y/y and core CPI at 0.45% m/m and 5.66% y/y, both slightly above consensus.”
“PPI will be reported Thursday. Headline is expected at 0.0% m/m and 3.0% y/y vs. -0.1% m/m and 4.6% y/y in February. Core is expected at 0.3% m/m and 3.5% y/y vs. 0.0% m/m and 4.4% y/y in February. “