Coming up at 1230 GMT, CPI numbers from the US for April.
Headline
- expected 0.2%, prior 0.6% m/m
- expected 3.6%, prior 2.6% y/y
Core – i.e. excluding food and energy
- expected 0.3%, prior 0.3% m/m
- expected 2.3%, prior 1.6% y/y
Snippet from Scotia comments on what to expect:
- Base effects on their own would drive inflation from 2.6% to 3.3% y/y and core from 1.6% to 2.1%.
- Supply chain pressures and seasonal influences on month-over-month price changes account for the rest.