US CPI Softens, Futures Edge Up 0.1%

US March CPI came in softer than expected, headline up 0.9% M/M, 3.3% Y/Y vs 3.4% forecast.
Core CPI rose 0.2% M/M and 2.6% Y/Y, both below consensus of 0.3% M/M and 2.7% Y/Y.
Gasoline index surged 21.2% M/M, pushing retail gasoline prices above $4 per gallon for first time in three years.
US stock futures edged higher (Dow +0.1%, S&P +0.1%, Nasdaq +0.2%) and oil prices fell modestly as Brent slipped to $95.51/bbl.