US inflation preview: Monthly CPI to 0.1%, Core CPI at 0.4% – Societe Generale Inflation UnitedStates CPI EconomicIndicator
“Headline CPI to fall 0.1% m/m due to a plunge in gasoline prices.”
“Headline inflation rates peaked at 9.1% in June, fell to 8.5% in July and should register 8.1% in August. We expect the headline CPI to fall below 7% by year-end, but uncertainty over energy prices clouds that projection.”is 0.4% m/m. That projection is based on a 0.6% shelter cost increase that is offset by weak pricing for apparel, motor vehicles and public transportation. These latter categories have been volatile.
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