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U.S. May CPI Expected to Exceed 4% Year-over-Year, Highest in Three Years: Comerica Economist

Commodities Forex

2026-06-09 09:31:59

GAS-2.34%

According to Bill Adams, chief economist at Comerica Bank, U.S. May CPI is expected to exceed 4% year-over-year, marking the highest level in three years, driven primarily by gasoline price increases in May. Core CPI is projected to rise approximately 3% year-over-year. Adams also anticipates Producer Price Index (PPI) will record another significant increase in May, with gains outpacing CPI, reflecting elevated weights of oil products, metals, and transportation costs in the producer price basket. Additionally, the University of Michigan's initial June consumer sentiment index is expected to recover from May's historic low, supported by recent declines in gasoline prices and stock market gains over the past two weeks.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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