Inflation data from the US is due Friday
- 8:30 am ET (1230 GMT)
Expected:
- CPI m/m +0.2%
- CPI y/y +2.3%
- CPI ex food and energy +0.2% m/m
- CPI ex food and energy +2.0% y/y
Adam did a comprehensive preview, here: CPI preview: Yellen and the Fed shopping for answers
Nomura weigh in also with a few thoughs, their what to look for:
- They expect the headline CPI result to be +0.2% for the m/m
- and +2.3% y/y (they are on consensus)
Nomura citing
- higher food prices (due to rising agricultural commodity prices)
- the rise in petrol (gasoline) prices
Looking past the headline and to the core
- +0.2% m/m
- +2.0% y/y (again, Nomura on consensus with these)
- Nomura adds they see inflation ex. food and energy likely staying on the weaker side
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Oh ... and, its not just inflation that'll be the only data watched closely in the US on Friday, there is also retail sales for April, preview here: US retail sales preview: Time for the consumer to step up
