Macro Data — US March CPI13th April, 2021 2:22 pm
March surprised mildly to the upside of consensus expectations, headline CPI hitting 2.6% yoy following a 0.6% mom increase. The main driver was the transport component (i.e. gasoline prices). These went from a net drag of -0.39%pts last year to a +0.96%pt driver of the yoy rate this time round, so a net swing of 1.35%pts, or half of overall yoy CPI rate.
Subscribe now to see the full article
Independent Strategy research services are available by annual subscription.
For details of subscription rates and soft-dollar payments please contact:
John Armstrong or Guido Manca
Tel: +44 (0) 20 7730 4965
Fax: +44 (0) 20 7730 7963
To make a request for subscription please use the form below.