FXStreet reports that according to TD Securities, store closures likely led to fewer price data points, reducing the reliability of the CPI report somewhat, but the data were likely more than sufficient to produce a credible report.

“We expect a gasoline-led plunge in the headline index and at least a moderate drop in the core index.”

“Our forecast implies a drop in the overall 12-month change to 0.5% from 1.5%. We expect the 12-month change in the core index to slow to 1.7% from 2.1%.”

“Among core components, the most dramatic weakness will probably be in the travel-related parts. We also expect a decline in apparel prices and some slowing in rents.”