There are two key sectors to watch: used cars and shelter.
out Wednesday may help answer a key question: Did the strong disinflation forces seen late last year reemerge in a notable way last month?The answer may lie in the extent to which moderating prices reflected in private sector data start to appear in the government's figures., have been rising in recent months, according to auction house Manheim.
But that has not been reflected in the consumer price index, where used cars and truck prices have retreated for the past six months — a development that's helped hold down the overall inflation gauge.estimate used auto prices rose in March. is shelter, where private sector measures of rent prices have steadily dropped. But relief has been less meaningful in the government report, where shelter inflation remains hot.
Rents, as measured by the CPI, "are well past the point where they should be seeing some effect of the considerable decline in market rent increases over the past year and half," analysts at UBS write.Overall inflation is expected to be 5.2% in the 12 months through March — down from the 6% the prior month, thanks to a favorable comparison to last year when energy prices were soaring.
Economists anticipate core inflation will hit 5.6% in the year through last month, from 5.5% in February.Core inflation is estimated to have rose 0.4%, versus the 0.5% in February.
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