US: May CPI to rise by 0.2% m/m and 2.8% y/y - Barclays

The Barclays Research Team is out with its take on the key US inflation report due later today at 1230 GMT, as investors await fresh insights on the US consumer prices ahead of Wednesday’s FOMC decision.

Key Quotes:

 “We look for May CPI to rise by 0.2% m/m and 2.8% y/y. 

The move higher in gasoline prices is one of the factors likely to contribute to the headline print. 

For core CPI, we expect an increase of 0.2% m/m and 2.2% y/y.“