US headline CPI inflation is likely to remain close to zero through Q2: Nordea

Quotes from Nordea Markets:

-As expected, US CPI inflation dipped into negative territory in January (-0.1% y/y), while core inflation remained at 1.6%.

-Headline CPI inflation is likely to remain close to zero through Q2, but fast forward 9-12 months from now and inflation will likely be "everywhere", assuming oil prices continue to rise in line with our expectations.