Morning Note | April 12, 2023

Good Morning!

March CPI came in slightly softer than expected at just +0.1% (+0.053%), a point below expectations.  The yoy CPI figure fell an entire point from +6.0% to +5.0% and Core inflation came in at +0.385% and the yoy figure at +5.6% from +5.5%.

The figure was driven by a flat figure for food prices, the softest reading in that category since mid-…