US CPI Data Forecast: Headline decline, sticky core figures expected, any kind of surprise matters

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• Annual Consumer Price Index in the US is seen rising 4.2% in May, slowing from April’s 4.9% increase.
• Core CPI inflation is foreseen at 5.6% YoY in May, rising a tad faster than April’s 5.5 growth%.
• US CPI inflation data is set to influence the Fed’s rate outlook and stir US Dollar markets.

The highly-anticipated Consumer Price Index (CPI) inflation data for May will be published by the US Bureau of Labor Statistics (BLS) on June 13 at 12:30 GMT.