The inflation The total for the United States would close the year at a maximum of 3.77% if its monthly advance remains around 0.3%, Credicorp Capital forecasts. The Consumer Price Index for the previous month was 4.9%.
“Inflation would reach close to 3.8% and next year inflation would be closer to 2%,” says Diego Camacho, senior research economist at Credicorp Capital.
According to the specialist, in this scenario, the Federal Reserve would try to maintain the reference rate established throughout the year. Whereas if the labor market deteriorates, the Fed “would have a clear path to even consider cuts this year.”
service inflation
For its part, inflation in services in the US reached 6.8% in April and will slow down in the next 12 to 18 months to between 2.5% and 3%, Credicorp Capital forecasts.
“The speed of the adjustment is very slow, but the information ahead suggests that this inflation will or will fall,” says Diego Camacho.
Meanwhile, inflation in goods fell from a level close to 12% to inflation of 1%, with a slight rebound to 2.1% in March. “It is probable that it will adjust towards 3% to fall again”, mentions the Credicorp specialist.
Source: Larepublica
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