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Credit Suisse: Strong Pressures In Both Goods And Services

US OUTLOOK/OPINION

Credit Suisse expects headline CPI of +0.2% and core +0.3% in the April report, in line with expectations. Overall they see "considerable upside risk" in the distribution of near-term inflation outcomes, but "concentrated in a few sectors".

  • CS: "Core goods prices should increase strongly. Industry data suggest used vehicle prices have started to pickup in recent weeks. Strong consumer demand, widespread vaccination, and continued gradual reopening of the economy in April should also lead to some inflationary pressures in the services sector, especially for businesses that have been hit hardest during the pandemic."
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