Bank of America: CPI in May expected to reach highest level since April 2023.

A report from Bank of America shows that the year-on-year increase in the May CPI, which is scheduled to be released on Wednesday, is expected to rise to 4.2%, the highest level since April 2023. This increase aligns with the expectations of economists surveyed by The Wall Street Journal. The report states that the focus for policy outlook may be on the impact of inflation on the core personal consumption expenditure price index, as this index has been higher than the CPI since November of last year.