Investors await May CPI data release on Friday
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Investors await May CPI data release on Friday
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Investors await May CPI data release on Friday
May's consumer price index, a key indicator of inflation, will be released early Friday morning and projections are for 8.3%.
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Investors await May CPI data release on Friday
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Investors await May CPI data release on Friday
May's consumer price index, a key indicator of inflation, will be released early Friday morning and projections are for 8.3%.
Video Transcript
SEANA SMITH: Time for our key stat to watch tomorrow, and that's inflation. We are going to get the CPI print ahead of tomorrow's opening bell at 8:30 AM Eastern time. Now, Wall Street's expecting the Consumer Price Index to be up 8.3% year over year-- that's the same as April-- while core inflation is expected to cool slightly.
Now, sky-high energy prices are driving that headline number and putting a spotlight on the debate about whether or not inflation has peaked. Now, gas prices right now are at another record today. You can see it on your screen, $4.97, inching closer and closer to that $5 level.
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