MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Credit Suisse And JP Morgan Nudging Above Consensus On Core CPI

US OUTLOOK/OPINION

Credit Suisse expects core CPI to reaccelerate in October to 0.4% M/M, which with rounding is enough to push the Y/Y up to 4.4% or 0.1pp above consensus, and with further upside risks.

  • They note "around half of the expected increase should come from price gains in used vehicles", with further support from "continued steady increases in rent and OER".
  • "Travel-related services prices are likely to be mixed, with a decline in hotel rates and moderate gains elsewhere."
  • A strong rise in gasoline and natural gas prices sees headline CPI at 0.6% M/M, pushing annual inflation up from 5.4% to 5.9% Y/Y.


JP Morgan see a similar story for core inflation but headline inflation a little stronger still.
  • They see core CPI up 0.4% M/M in October (0.38%) and 4.4% Y/Y, also with a sizeable boost from rental inflation (both imputed and otherwise) and used cars.
  • Strong increases in various energy-related products plus still solid food price inflation sees their headline CPI forecast at 0.7% M/M and 6.0% Y/Y.


HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.