The Consumer Price Index decreased by 0.1% in April, against an expected increase of 0.1%, to an index value of 218.009 (1982-84=100), after increasing by 0.1% in March and remaining unchanged in February. Over the year the CPI has increased by 2.2% before seasonal adjustment. The food index increased by 0.2% in April, after rising 0.2% in March and is up by 0.5% over the year. Energy Prices declined by 1.4% after remaining unchanged in March, but are up 18.5% over the year. Excluding food and energy prices, the Core CPI remained unchanged as it was in March and has advanced by 0.9% over the year.
Crude inventories are expected today at 10:30 AM EST. For the week ending May 7, U.S. commercial crude oil inventories had increased by 1.9 million barrels from the previous week to 362.5 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.0 million barrels per day during this period, 110 thousand barrels per day below the previous week’s average. U.S. crude oil imports were averaging 9.7 million barrels per day, down 264 thousand barrels per day from the previous week.
Upcoming Releases
Crude Inventories (05/19 at 10:30 AM EST)
FOMC Minutes (05/19 at 2:00 PM EST)
Initial Claims (05/20 at 8:30 AM EST)
Leading Indicators (05/20 at 10:00 AM EST)
FOMC Minutes (05/19 at 2:00 PM EST)
Initial Claims (05/20 at 8:30 AM EST)
Leading Indicators (05/20 at 10:00 AM EST)
