April Consumer Price Index forecast

The April Consumer Price Index (CPI) data will be released, which is the first inflation data since the last interest rate hike in May. The market is watching to see if the rate of inflation is decreasing as expected. Currently, the median estimate among major banks is 5%. The numbers listed here are the CPI estimates from various banks and financial institutions.

JP MORGAN 4.9%

SCOTIABANK 4.9%

NOMURA 4.9%

BARCLAYS 5%

BLOOMBERG 5%

BANK OF AMERICA 5%

GURGAVIN CAPITAL 5%

CREDIT SUISSE 5%

HSBC 5%

TD SECURITIES 5%

UBS 5%

WELLS FARGO 5%

VISA 5.1%

GOLDMAN SACHS 5.1%

CIBC 5.1%

CITI 5.1%

MORGAN STANLEY 5.1%