An inflation reading due Tuesday is expected to show price gains at their highest level in nearly three years, setting up potential challenges for investors and Federal Reserve officials alike.
April’s consumer price index, a broad gauge of the cost of goods and services across the U.S. economy, is forecast to reach an annual rate of 3.7%, owing to a 0.6% jump in monthly prices as the oil shock continues to slam consumers, according to the Dow Jones consensus among economists.
If that’s the case, it will put headline inflation at its highest level since the early fall of 2023. At the time prices were cooling from a similar energy jolt caused by Russia’s invasion of Ukraine.
Source: https://www.cnbc.com/2026/05/11/inflation-reading-tuesday-expected-to-show-prices-at-nearly-a-three-year-high.html