Itron, Inc. (ITRI) Stock forecasts

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The Fed’s favorite inflation indicator, the PCE Price Index, will be released by the BEA this morning. The index differs from the better-known consumer price index because its composition is changed more often and reflects the impact of real-time prices more quickly. In the most recent report, through March, PCE inflation was 2.7% year over year; By comparison, the last CPI report through April had inflation of 3.4%. The Core PCE, which excludes volatile food and energy prices, was 2.8% last month. Our PCE forecasts call for 2.7% growth for both the bottom line and bottom lines – roughly in line month-on-month, as progress toward the Fed’s 2% target becomes increasingly difficult as the target approaches . Overall, inflation in this cycle peaked in the summer of 2022 and has been trending downward until recently reaching a plateau. We monitor twenty inflation measures every month. On average, they indicate that prices are rising 2.6% year over year, an increase of 30 basis points from a month ago. The figures are volatile and somewhat distorted by ultra-low figures within the Producer Price Intermediate Goods category, which are down 5% and could indicate that prices across the inflation spectrum will decline in the coming months. Focusing on core inflation – which we obtain by averaging the Core CPI, the market-based PCE Ex-Food & Energy (from the G