Wealth Bank: US April CPI growth may accelerate.

Tariffs are prompting market institutions to prepare for higher inflation. Economists at the Bank of America wrote before the release of next week's US CPI report that consumer prices may rise more rapidly in April. They estimate that after an unexpected 0.1% drop in March, the April CPI month-on-month rate will rise by 0.2%. Economists say this will bring the CPI annual rate to a four-year low of 2.3%. They expect the core CPI annual rate to remain unchanged at 2.8%. They stated, "With tariffs now a reality, we believe higher import costs will impact consumer prices, it's just a matter of time."