US retail sales and consumer inflation coming up soon
Skerdian Meta • 1 min read
The US consumer inflation data (CPI) which is considered as the real inflation will be released in half an hour. Yesterday we saw the inflation on the producer side ticking up one point from last month, both the core and the main number, thus beating the expectations by 0.3% and 0.2% respectively. That doesn´t necessary mean that the consumer inflation will be higher too because it takes a month or two for the supplies to be transformed into goods and be sold to the public, but the trend is positive.
The retail sales posted a 0.5% increase last month which is pretty good but quite a long way away from 1.3% jump in the 1.3% jump in April. This month the growth in retail sales is expected to be just 0.1% while the core retail sales are expected to remain at the same level at 0.4%. That´s a good number but with the positive signs we have seen in other sectors of the US economy l somehow have the feeling that the retail sales might surprise the forex market for good.