Free Trial

GS See Softer Core CPI Profile, Though OER Relatively Steady

US OUTLOOK/OPINION
  • Goldman analysts forecast a 0.27% M/M core CPI print in March (3.7% Y/Y), with headline up 0.29% (reflecting higher energy and food prices).
  • The expected slowdown in core reflects softer apparel prices (-0.3%), communications (-0.3%), and airfares (-3.0%), with small declines in both new (-0.3%) and used (-0.5%) car prices.
  • Additionally, housing inflation is seen softening, with rents (+0.37%) "reflecting the continued softness in apartment inflation”, and OER (+0.45%) relatively steady “given continued single-family outperformance”.
  • Upside factors to include car insurance (+1.4%) and lodging (+1.0%), the latter due to residual seasonality.

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.