# 今晚CPI：降息预期vs关税通胀，谁赢

Tonight at 8:30, a set of key data will be released, and market trends are likely to be rewritten as a result. March CPI is expected to be 3.3%, previous value 2.4%; core CPI year-on-year is expected to be 2.7%, previous value 2.5%. This inflation rebound is not a gentle rise but a clear warning signal being sent to the market.
Data is certainly important, but more crucial is the underlying logic: where does the inflation momentum come from? In which direction will it evolve next?
First is the primary driver of inflation: oil prices. The regular gasoline price soared from $2.89 at the end of F