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In March, the rise in gasoline prices boosted nominal retail sales

Posted by BBVA Bancomer in April 14th 2008  
Headline CPI Inflation & Core (March, Wednesday 8:30 am) F: 0.3, 0.1% C: 0.3, 0.2% P: 0.0, 0.0% Inflated by higher energy prices, the Consumer Prices Index probably rose 0.3% in March from no change in February. The average gasoline price jumped 5.0% in March to $3.30 per gallon. On a year-over-year basis, we expect CPI inflation to soften slightly to 4% from 4.1% in February, still a relatively high rate. Persistently high energy and food prices continue to be risky for the inflation Read More...

Filed under: Fundamental