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US CPI inflation has probably bottomed out

US CPI inflation data for March is due tomorrow (13.30 BST). 

The 4.0% m/m seasonally adjusted rebound in gasoline prices last month, triggered by the widespread refinery strike in early March, should add about 0.2% to the overall US consumer price index in March. 

"We think US consumer prices increased by 0.4% m/m, and core prices by 0.2% m/m in March." says Capital Economics in a report on Thursday

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