The US CPI data for May will be released this Wednesday, and Bloomberg analysts predict that the core inflation rate will accelerate to an annual rate of 2.9%.

Gate News bot message, Bloomberg analysts estimate that due to the uncertainty of Trump’s tariff war forcing businesses to gradually pass higher import tariffs onto consumers, the inflation rate for American consumers may rise in May.

Bloomberg economists also stated that the core consumer price index ( CPI ) shows that the cost of goods and services (excluding volatile categories such as food and energy) rose by 0.3% in May, the largest increase in four months, compared to a 0.2% increase in April.

In addition, the core inflation rate year-on-year may accelerate to an annual rate of 2.9%, which would be the first rise this year. The U.S. Consumer Price Index (CPI) report set to be released on Wednesday, along with the Producer Price Index (PPI) data to be released on Thursday, will give Federal Reserve officials a clear understanding of inflation trends and the impact of tariffs before the critical policy meeting on June 17-18. If actual inflation data rises, the possibility of the Federal Reserve cutting interest rates may decrease.

Source: CoinGape