Inflation Reports This Week: On Wednesday, the CPI will be reported and on Thursday the PPI, the CPI is expected to be up .2% month over month. This is a significant slowing versus the March CPI report, which was up 1.2% versus February, but up 8.5% versus a ear ago. We want to reiterate what we said last week, the comparisons versus a year ago, and month to month, are going to appear that the inflation spike is decelerating.