Upcoming CPI report ‘will not be pretty,’ analyst says

Upcoming CPI report ‘will not be pretty,’ analyst says

When it rains, it pours, and new data is projected to show that high levels of inflation have continued to deluge consumers for a third consecutive month in 2022.

March’s Consumer Price Index (CPI) report, which will be released Tuesday morning, will give the public a look at how prices have responded to volatility amid geopolitical pressures as well as new developments in Federal Reserve monetary policy.

Analysts and economists alike are pessimistic that March’s report will not be much better than February’s report, which revealed decades-high inflation from a year ago.