US CPI is expected to print flat m/m in April (cons: 0.1%), held back by a -1.0% m/m decline in seasonally adjusted gasoline prices.
"More critically, we think April will be the low point for y/y headline CPI (our forecast is -0.2%), as prices in the energy space seem to have carved out a bottom", says RBC Capital Markets.
Commentary
US CPI to print flat m/m in April
US CPI is expected to print flat m/m in April (cons: 0.1%), held back by a -1.0% m/m decline in seasonally adjusted gasoline prices. "More critically, we think April will be the low point for y/y headline CPI (our foreca…
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