US CPI: Banks Preview, inflation softening, good news on the horizon? CPI Inflation Fed Macroeconomics Banks
figures, on Wednesday, April 12 at 12:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation print for the month of March.
“Statisticians are likely to report a drop in the inflation rate from 6.0% in February to 5.3% in March. However, the March decline is entirely due to the fact that prices are now being compared with those in March 2022, when energy prices in particular had already risen significantly due to the Ukraine war. Indications of the underlying trend are more likely to be provided by the core rate, which excludes the volatile prices for energy and food. Here we expect an increase from 5.5% to 5.7%.
fell in seasonally-adjusted terms. We’re nearly in line with the consensus expectation, which should limit market reaction.”“After rising 0.4% in February, we look for the CPI to moderate to a 0.2% gain in March. With the initial surge in oil/gasoline prices stemming from Russia’s invasion of Ukraine a full year behind us, CPI when measured on a year-over-year basis should fall to 5.1% in March from 6.0% in February.
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