US CPI inflation expected to increase by 0.4% MoM – Danske

FXStreet (Barcelona) - Higher gasoline prices will support the US CPI inflation to register a 0.4%MoM gain in May, according to Chief Analyst at Danske Bank, Allan von Mehren.

Key Quotes

“US CPI inflation is expected to increase 0.4% m/m as higher gasoline and food prices are supportive. Momentum in core CPI has generally also improved lately and we expect an additional uptick of 0.2% m/m.”