April CPI Preview

Goldman Sachs forecasts a 0.31% increase in April core CPI and a 0.58% headline increase, driven by rising energy costs and technical shelter adjustments. This translates to a projected 0.26% monthly increase in the core PCE index.

Key Takeaways

• 1.Goldman Sachs expects April core CPI to increase by 0.31% MoM, representing a 2.67% year-over-year rate.
• 2.Headline CPI is expected to rise 0.58% MoM, significantly impacted by a 4.6% increase in energy prices following the start of the war in Iran.
• 3.Shelter categories (Rent and OER) are forecast to accelerate due to technical adjustments from a previous government shutdown's data collection gaps.

Table of Contents

• April CPI Preview
• The US Economics Team
• Disclosure Appendix

Document Preview

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