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MNI US CPI Preview: Moderating, Very Slightly

EXECUTIVE SUMMARY

  • Core CPI inflation is expected to dip slightly from +0.57% M/M in April to +0.5% M/M, with a faster rise in headline CPI at +0.7% M/M with energy prices rises.
  • There are relatively few major sequential swings expected, but watch airfares which could have seen another very strong increase.
  • Market implications from the report can cut both ways with long-term inflation expectations rising in recent weeks but a larger reaction is likely larger in the case of a miss.

SEE THE FULL NOTE INCLUDING PREVIEWS FROM 10 SELLSIDE ANALYSTS HERE:

USCPIPrevJun2022.pdf

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