*SCALPSWINGSTRADDLE*

[Zephyr]

Consumer Price Index
Released On 5/15/2014 8:30:00 AM For Apr, 2014
Prior Consensus Consensus Range Actual
CPI - M/M change 0.2 % 0.3 % 0.2 % to 0.4 % 0.3 %
CPI less food & energy 0.2 % 0.1 % 0.1 % to 0.2 % 0.2 %
Market Consensus before announcement
The consumer price index warmed up a bit in March, topping expectations at the headline and core levels. Headline inflation firmed to a 0.2 percent rise after posting a 0.1 percent rise in February. Analysts expected 0.1 percent. Increases in the shelter and food indexes accounted for most of the headline increase. Excluding food and energy, CPI inflation also rose to 0.2 percent from 0.1 percent the prior month. Market expectations were for 0.1 percent. The energy component eased 0.1 percent after declining 0.5 percent in February. Gasoline fell 1.7 percent in both March and February. Food price inflation, however, continued strong with a 0.4 percent jump in each of the latest two months. Year-on-year, overall CPI inflation was 1.5 percent in March, compared to 1.1 percent in February (seasonally adjusted). The core rate increased 1.6 percent year-on-year, matching the rate for February.