Institution: US April CPI Increase Could Accelerate

BlockBeats News, May 6th: Tariffs are prompting market institutions to prepare for higher inflation. Economists at Wells Fargo wrote ahead of next week's U.S. CPI report that April consumer price increases may accelerate. They expect the April CPI monthly rate to rise by 0.2% after an unexpected 0.1% decline in March.

The economists said this would bring the CPI annual rate down to a four-year low of 2.3%. They expect the core CPI annual rate to remain unchanged at 2.8%. They stated, "As tariffs have become a reality, we believe that higher import costs will impact consumer prices, it's just a matter of time." (FX678)