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April 22, 2026
UK CPI Review: Inflation Being Fuelled But Wages Still on the Wane?
April 22, 2026 6:35 AM UTC
What are energy induced price rises are now very evident, most notably in PPI data as well as the more closely watched CPI figures. Thus after a stable 3.0% (a 10-mth low) February’s headline – matching the consensus, headline CPI jumped to 3.3% in March. Services, however, rose from 4.3% a fo
April 21, 2026
Preview: Due April 30 - U.S. Q1 GDP - Government to lead bounce from weak Q4, Core PCE prices stronger
April 21, 2026 5:31 PM UTC
We expect a 2.6% annualized increase in Q1 GDP, improved from a weak 0.5% in Q4 largely due to a rebound in government from Q4 data that was depressed by a shutdown. Excluding government we expect a second straight quarter close to 1.5%. We expect a significant acceleration in core PCE prices, to 4.
Preview: Due April 30 - U.S. March Personal Income and Spending - Core PCE Prices to outperform core CPI
April 21, 2026 2:38 PM UTC
March’s personal income and spending data may be overshadowed by the Q1 GDP report due at the same time and to which it will contribute. We expect a 0.9% rise in personal spending, to exceed both a 0.2% rise in personal income and a 0.7% rise in PCE prices. For core PCE prices, we expect an in
U.S. March Pending Home Sales - Stronger than expected but no clear trend
April 21, 2026 2:18 PM UTC
Pending home sales have seen an unexpected 1.5% increase in March, a second straight gain, though the declines of December and January have still not been fully reversed, and the yr/yr picture remains marginally negative.
U.S. March Retail Sales - Underlying resilience, lower taxes may be helping
April 21, 2026 1:02 PM UTC
March retail sales with a 1.7% rise, 1.9% ex autos are stronger than expected. Most of the rise is on the surging price of gasoline, though sales ex auto and gasoline with a 0.6% increase are on the firm side of expectations, with February revised up to 0.6% from 0.4% and January to 0.4% from 0.2%.
EZ HICP Preview (Apr 30): Headline Surges Again as Core Stabilises?
April 21, 2026 9:29 AM UTC
The first of the Iran War induced rise in prices arrived with the final March HICP data in line with expectations, as the headline rate spiked higher to 2.6% from February’s 1.9%, but with the core rate falling back (Figure 1) underscoring that this March surge was purely energy-led. Indeed, thi