The latest report on consumer prices is set for release at 8:30 am ET.
Expectations are for the report to show consumer prices rose 0.1% month-on-month in April. Compared to the prior year, however, headline consumer prices are expected to fall 0.2% in April.
“Core” inflation, which excludes the price of food and energy, is expected to show a 0.2% monthly increase and a 1.7% increase over the prior year.
We’ll be back with the live numbers when they drop.