Tuesday, May 13, 2025

Inflation: Ahead of Today's CPI Report, The Cleveland Fed's Inflation Nowcast

As Marc Chandler pointed out in the post immediately below, "The median forecast in Bloomberg's survey anticipates a 0.3% rise in both the headline and core rates..."

Here's the Federal Reserve Bank of Cleveland's Nowcast of the April figures being released today, updated through Monday. This is one of three presentations of their best guess, YoY, the others being MoM and quarterly: 

Inflation, year-over-year percent change 

Month           CPI    Core CPI       PCE    Core PCE    Updated
May 2025     2.43      2.83          2.38        2.74           05/12
April 2025    2.34      2.76          2.23        2.61           05/12
Note: If the cell is blank, it implies that the actual data corresponding to the month for that inflation measure have already been released.

....MORE