CPI DATA EXPECTATIONS: ANALYZING MARCH US INFLATION

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Annualized Consumer Price Index in the US is expected to decline to 5.2% in March. Core CPI is forecast to edge higher to 5.6% YoY in March from February’s 5.5%. US CPI could influence Fed’s rate outlook and impact US Dollar’s valuation in a significant way.

The Consumer Price Index (CPI) data release for March, published by the US Bureau of Labor Statistics (BLS), is scheduled for April 12 at 12:30 GMT. The US Dollar (USD) has been struggling to gather bullish momentum despite having outperformed its major rivals for a couple of days following the upbeat March jobs report. Markets are still undecided regarding the Federal Reserve’s (Fed) next policy action and inflation developments could provide fresh clues.


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