Whether consensus expert forecasts of consumer price index or consumer expectations of inflation this year and for the next few, two new reports say there's a lot to be concerned about.
FactSet's consensus forecasts for April's CPI report say that inflation reduction is slowing to a point at which you could walk away, come back weeks later, and notice little difference, as Morningstar and others report. If correct, 12-month inflation in April 2023, which is being reported today, will have been almost the same as in March 2023.
"For the month, the CPI is forecast to rise 0.4%, while core CPI—which excludes volatile food and energy costs—is expected to rise 0.3%," Morningstar reported. "In the March report, the overall CPI clocked in at an increase of 0.1%, which was the smallest increase in two years."
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