BlockBeats message, April 5. Economists say the jump in gasoline prices that U.S. consumers can feel firsthand will be fully reflected in the key inflation data to be released this week. It is expected that the U.S. March CPI will rise 1% month over month, which would be the largest single-month increase since 2022; core CPI may rise 0.3% month over month.
Earlier, the Iran war pushed gasoline prices at U.S. gas stations up by about $1 per gallon. One day before the CPI data is released, an inflation indicator favored by the Federal Reserve will provide information on the pre-war price pressures.
Economists expect the core PCE price index to rise 0.4% in February for a third consecutive month, indicating that even before the conflict began, the process of inflation easing to a more moderate level has stalled. Combined with signs that the U.S. labor market has stabilized, stubborn price pressures, and new inflation risks brought about by the war in the Middle East, this helps explain why the Federal Reserve this year may find it difficult to lower interest rates. (Jin10)
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