Wells Fargo Economist: US CPI Increase in April May Accelerate

According to TechFlow from ShenChao, on May 6, JIN10 reported that tariffs are prompting market institutions to prepare for higher inflation. Wells Fargo economists wrote ahead of next week's US CPI report that consumer prices in April may accelerate. They expect the April CPI month-on-month to rise by 0.2% after an unexpected 0.1% decline in March.

The economists said this would bring the annual CPI rate down to a four-year low of 2.3%. They expect the core CPI annual rate to remain steady at 2.8%. They stated that with tariffs already in effect, they believe higher import costs affecting consumer prices is only a matter of time.