US CPI Data Forecast Overview

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The US Bureau of Labour Statistics (BLS) has released Consumer Price Index (CPI) data for April.

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It is set to begin at 12:30 GMT on May 10.

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To recover, US Dollar bulls require strong performance.

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In the US, the annualised Consumer Price Index is anticipated to increase by 5.0% in April.

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April's core CPI inflation is predicted to be 5.5% YoY, which is lower than March's rate of 5.6%.

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The US CPI is expected to shock markets and have a big impact on the Fed's rate forecast.

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What can we expect from the upcoming CPI statistics report?

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It is anticipated that the Core CPI, which excludes volatile food and energy costs, will increase by 5.5%.

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