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Weekly Commentary

Inflation Increasingly Worrisome in the United States

May 14, 2021
Jimmy Jean • Mathieu D’Anjou • Benoit P. Durocher • Francis Généreux • Lorenzo Tessier-Moreau • Hendrix Vachon

HIGHLIGHTS :

  • United States: Consumer prices surge in April.
  • United States: Retail sales remain high.
  • The increase in U.S. industrial output remains modest.
  • The University of Michigan confidence index is signalling a darker mood among U.S. households.
  • Canada: Manufacturing sales rebounded in March.
  • Canada: Wholesale sales beat expectations in March.