Annual inflation in the US is likely to fall to 4.1% in May 2023 – Trading Economics
This is expected to be the lowest figure since March 2021
The annual inflation in the US is probably going to decrease to 4.1% in May 2023, marking the lowest rate since March 2021 – from 4.9% in April and 5% in March. Analysts say this will be due to a reduction in energy prices, according to Trading Economics.
In monthly terms, the Consumer Price Index is forecasted to grow by 0.2%, slowing down from a 0.4% rise in April.
At the same time, core inflation is expected to fall to 5.3% from 5.5%, while in monthly terms, it will remain at 0.4% as in April.
It is expected that the upcoming data will precede the Fed's decision on the interest rate on Wednesday and, presumably, will strengthen the argument for a pause in the monetary policy tightening cycle.
Background. Mind previously reported that the CPI inflation in the US had reached 4.9% in April.
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