Has US consumer price growth finally started to moderate?
The upcoming US consumer price index report is expected to show that inflation continued to grow in April, albeit at a slightly slower pace than in previous months.
Economists polled by Bloomberg forecast that US consumer prices rose at a pace of 8.1 per cent year on year compared with 8.5 per cent in March. Inflation at that level would remain close to four-decade highs but would represent the first slowdown in pace since August 2021.
So-called “core” CPI, which strips out the effects of the volatile food and energy sectors, is also expected to have slowed compared with April last year. But the data, due out on Wednesday, may still show that core inflation accelerated from the previous month.
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