The US inflation: getting worse?

The US CPI and core CPI are due at 15:30 MT time on May 12.

Instruments to trade: EUR/USD, GBP/USD, USD/JPY, USD/CAD

The consumer price index (CPI) measures the majority of overall inflation. It demonstrates the change in the value of goods and services purchased by customers over a certain period. The core level does not take into account food and energy prices due to their volatility. It is not a secret that the inflation is falling right now amid the lockdown in the American cities. We have already seen a decline in CPI indicators in March. Both measures fell lower than analysts predicted: headline indicator was down by 0.4% (vs. -0.3% expected) and core figures shrugged off experts anticipation of a rise of 0.1% with -0.1% reported. With the situation not getting any better, we may expect even lower figures on May 12. Will we see a surprise?

If the indicators are higher than the forecasts, the USD will rise;

If the indicators are lower than the forecasts, the USD will fall.

Check the economic calendar