Survey: Eastern Eight District's May CPI expected to rise by 1.9% year-on-year, with differing views on energy risks and second-round effects

(1) The median forecast of eight economists surveyed by The Wall Street Journal shows that the East 8 Zone's Consumer Price Index (CPI) for May is expected to rise by 1.9% year-on-year, slightly higher than April's 1.8%. (2) Economists at Moody's Analytics noted that energy prices driven up by the Middle East conflict will be transmitted to domestic gasoline and electricity costs; meanwhile, it will take time for strait shipping to return to normal, and the risk premium may keep oil prices elevated in the coming months. (3) Barclays expects inflation to remain basically stable, believing that as oil prices retreated in May, the second-round effects from the supply-side shock may be limited. (4) This inflation data will be officially released on Tuesday.