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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Dare to trade. Dare to win.
Institution: The rise in the US CPI in April may accelerate.
On May 6, tariffs are prompting market institutions to prepare for higher inflation. Wells Fargo economists wrote ahead of next week's U.S. CPI report that consumer prices in April may rise at an accelerated pace. They expect the April CPI month-over-month rate to rise by 0.2% after an unexpected decline of 0.1% in March. Economists say this will bring the CPI year-over-year rate down to a four-year low of 2.3%. They expect the core CPI year-over-year rate to remain unchanged at 2.8%. They stated that as tariffs have already become a reality, "we believe that higher import costs will impact consumer prices; it's just a matter of time." (Jin10)