US Inflation Rate MoM (Apr) M/M 0.6% vs. Exp. 0.6% (Prev. 0.9%, Low. 0.4%, High. 0.9%); Unrounded: 0.640% M/M
The US inflation rate for April came in at 0.6% month-over-month, matching expectations and showing a moderation from the previous 0.9%.
JD.com (JD) exec says due to rising memory costs, have seen industry wide price hikes for smartphones and PCs since March; in the short term electronics price hikes does dampen consumer demands to some extent
US CPI Core Goods & Services April (M/M SA, Y/Y NSA) + Supercore
US Inflation Rate MoM (Apr) M/M 0.6% vs. Exp. 0.6% (Prev. 0.9%, Low. 0.4%, High. 0.9%); Unrounded: 0.640% M/M
UK Transport Secretary Heidi Alexander is backing plans for Andy Burnham to return to parliament, The Times' Maguire reports
ADNOC CEO says the world is 1bln barrels short due to the Strait of Hormuz closure
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- The index for energy rose 3.8% in April, accounting for over 40% of the monthly all items increase.
This stability in inflation data is mostly driven by a significant rise in energy prices, which accounted for a large portion of the monthly increase. The implications for policy may hinge on whether this trend persists, especially as energy costs can impact broader economic conditions.
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