US CPI rose 0.8% mom in April, well above expectation of 0.2% mom. CPI core rose 0.9% mom, above expectation of 0.3% mom. Headline CPI accelerated to 4.2% yoy, up from 2.6% yoy, above expectation of 3.6% yoy, higest level since September 2008. CPI core accelerated to 3.0% yoy, up from 1.6% yoy, above expectation of 2.3% yoy. The’s well above Fed’s target of 2%.
