Energy Prices Pressure US Consumer Inflation Rate To Over 2 Year High


JP Morgan on US March CPI

See signs of a broad-based reflationary trend building and that today’s report reveals a rebound in core services prices as the US economy reopens.
We revise up our 4Q2021 core CPI forecast by 0.3% to 2.1% y/y
But still expect to see core CPI finishing 2022 at 2.2% y/y