Preview of US CPI for Banks: While the main measure of inflation is decreasing, the underlying inflation still persists.
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The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, June 13 at 13:30 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 May.
The annual inflation is expected to suffer a sharp fall to 4.1% in May vs. 4.9% in April. On a monthly basis, headline is expected at 0.2% vs. 0.4% last month. Meanwhile, US underlying inflation is expected to have risen by 0.4% month-on-month in May and 5.2% YoY vs. 0.4% and 5.5% in April, respectively.
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