YoY CPI is expected to drop to 5.2% for March from 6.0% for February, the lowest since May 2021.

Consensus for March 2023 YoY CPI is expected to be 5.2%. This shows a significant downtrend from the prior month reading of 6.0% and from the high of 9.1% in June 2021. This would be the lowest YoY CPI reading since May 2021. Of course, the Fed favors core PCE but this is still a good sign for bulls since the markets still react heavily to CPI releases. March CPI numbers will be released this Wednesday, 4/12.