US Daily May CPI Preview

Goldman Sachs forecasts a 0.17% increase in May core CPI and a 0.45% rise in headline CPI, largely driven by elevated energy costs. The report highlights benign shelter trends alongside a projected 0.27% increase in core PCE.

Key Takeaways

• 1.Expectations for May core CPI at 0.17% (YoY +2.79%) and headline CPI at 0.45%, the latter driven by energy prices.
• 2.Shelter categories (rent and OER) are forecasted to show benign increases of 0.22% due to underlying trends.

Table of Contents

• US Daily: May CPI Preview