金十数据整理：美国4月CPI报告看点一览 1. 通胀率降至近年新低——整体CPI年率降至2.3%，核心CPI年率持平于2.8%。两项指标均创下2021年 春季通胀全面爆发以来的最低增速。 5. 市场对数据反应温和——CPI数据公布后，现货黄金小幅走高后回落，美债延续涨势但波幅有限；美 股三大股指开盘涨跌不一，此后持续震荡走高，纳指涨逾1%。 2. 月率涨幅低于预期——整体CPI月率及核心CPI月率均上涨0.2%，低于市场预期的0.3%。与往常一 样，居住成本涨幅占整体月率的一半以上；家居用品、医疗护理及车险价格则推动了核心月率上涨。 3. 关税影响初现但尚不明显——家居用品和音响设备价格飙升8.8%（创下有史以来最大单月涨幅）或 初步反映关税影响，但经济学家表示全面影响仍待观察，后续数据或能更明显地反映出关税影响。 4. 食品与能源价格走势分化——美国4月杂货价格下降0.4%，其中鸡蛋价格暴跌12.7%，创1984年以来 最大跌幅。这印证了特朗普的部分说法，但能源成本上涨0.7%与其主张相悖。经季调后汽油价格微 降，而天然气价格大幅跳涨。 ...

订阅美国CPI +订阅 相关链接 CPI黄金竞猜中奖名单公布 根据TradingHero.com报价显示，美国4月CPI公布后30分钟，现货黄金收盘价为3241.74美元/盎司，金 十"CPI黄金竞猜"中奖名单现已公布，点击查看你是否是幸运儿>> ...

美国4月CPI环比 0.2%，预期 0.3%，前值 -0.1%。 ...

美国CPI公布后，现货黄金短线小幅走高6美元，现报3243.19美元/盎司。 ...

金十数据5月13日讯，美国4月未季调CPI年率为2.3%，为2021年2月以来新低，市场预期为2.4%。4月季 调后CPI月率为0.2%，高于上月的-0.1%，低于市场预期的0.3%。 美国4月CPI继续回落 低于预期 ...

智通财经5月13日电，美国CPI公布后，美元指数DXY短线走低15点，现报101.42。 ...

亚欧盘黄金分析中 市场聚焦美国CPI，能否助力金价向上补缺口收复失地？金十研究员高阳正在直播分析，点击进入直播 间 相关链接 ...

Group 1: Economic Indicators and Predictions - Wells Fargo economists predict that the Consumer Price Index (CPI) for April will rise by 0.2% after a surprising decline of 0.1% in March, leading to an annual CPI rate of 2.3%, the lowest in four years [1] - Deutsche Bank expects the Federal Reserve to maintain the federal funds rate in the range of 4.25-4.50% and emphasizes the need to observe the impact of recently implemented trade policies on economic growth and inflation [3] - UBS Wealth Management highlights that concerns over the independence of the Federal Reserve could significantly damage the dollar's safe-haven status, with currencies like the yen and Swiss franc benefiting in the current environment [2] Group 2: Market Trends and Asset Allocation - Analysts at Societe Generale note a trend of investors shifting from U.S. assets to European assets, although this transition may take time to fully materialize [4] - Bank of America indicates that the recent surge in interest in European markets does not necessarily signal a structural shift, as many institutional investors remain cautious about large-scale capital transfers from the U.S. [5] - Citic Securities maintains a preference for gold over copper and oil in the commodities market, citing OPEC+'s unexpected production increase as a factor that may lead to a supply surplus in the oil market [6][5] Group 3: Commodity Price Forecasts - KPMG has revised its Brent crude oil price forecast for the end of the year down from $70 to $60 per barrel, reflecting improved global oil supply conditions [6] - Barclays has postponed its forecast for the next Bank of Japan interest rate hike to January 2026, adjusting its final rate prediction down to 1.00% [7] Group 4: Domestic Market Insights - Galaxy Securities reports a significant increase in global gold ETF inflows in Q1 2025, with net purchases by central banks remaining strong, supporting the long-term bullish outlook for gold prices [8] - The automotive market in China is expected to see a rebound in sales, driven by the release of new models and the end of consumer hesitation following the Shanghai Auto Show [8]

Inflation Data Summary - The overall CPI for March in the U.S. was weaker than expected, with a month-on-month change of -0.05% compared to February's 0.22%[1] - Core CPI month-on-month decreased from 0.23% in February to 0.06%, below the Bloomberg consensus expectation of 0.3%[1] - Year-on-year core CPI was reported at 2.8%, lower than the expected 3.0%[1] Market Reactions - Despite the significant cooling of inflation in March, market reactions were muted due to ongoing tariff impacts, with little change in interest rate cut expectations from the Federal Reserve[3] - Long-term yields continued to rise, and U.S. stock markets experienced a decline after opening[1] Tariff Impact - Tariffs remain a core variable influencing market and Federal Reserve decisions, with uncertainty surrounding their effects on growth and inflation data[3] - The Richmond Fed President indicated that the impact of tariffs on domestic inflation may not be fully realized until June[3] Core CPI Components - Most components of core CPI showed a cooling trend, particularly in volatile categories like school accommodations and transportation services, which contributed significantly to the inflation decline[1] - The core services excluding housing saw a month-on-month decrease of 0.06%, indicating a negative growth trend[6] Specific Item Changes - Energy prices saw a significant month-on-month decline of 2.39%, while food prices increased by 0.44%[7] - The core goods category turned negative with a month-on-month change of -0.09%, reflecting a slowdown in previously rising furniture and clothing prices[6]

Inflation Data Summary - March CPI decreased to -0.05% month-on-month, lower than the expected 0.22%[6] - Core CPI month-on-month fell from 0.23% in February to 0.06%, below the forecast of 0.3%[6] - Year-on-year core CPI was 2.8%, also below the expected 3.0%[6] Market Reactions - Market response to the CPI data was muted due to ongoing tariff impacts, with little change in Fed rate cut expectations[2] - Long-term yields continued to rise, while US stocks saw a decline after opening[2] Tariff Impact - Tariffs remain a key variable affecting market and Fed decisions, with potential inflation impacts expected to manifest by June[4] - The uncertainty surrounding tariffs may exacerbate the trend of global asset allocation away from the US dollar[2] Sector Contributions - Significant contributions to inflation decline came from volatile categories like school lodging and transportation services[3] - Core services excluding housing saw a negative growth rate of -0.06% month-on-month, indicating weakness in this sector[6] Risk Factors - Risks include a more dovish Fed than anticipated and significant tightening of US financial conditions[5]