MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GS: Strong Core CPI Expected From A Number Of Categories

US OUTLOOK/OPINION
  • Goldman see core CPI inflation a little above consensus at +0.6% M/M (cons. 0.5%) in Friday's Nov release, pushing the annual rate up from 4.6% to 5.0% Y/Y.
  • This reflects further increases in used car auction prices and a rebound in airfares, as well as “upward pressure on most core goods categories due to supply chain bottlenecks and low promotionality during the holiday season”.
  • Other specific factors include a Netflix price increase likely boosting service inflation and “another strong gain in health insurance prices reflecting the gradual flow-through of the annual source data”.
  • Shelter is expected to remain stronger, with rent +0.42% M/M and OER +0.38% M/M, with OER weighed on by imputed utilities.
  • Headline CPI is likely to be stronger still, up 0.8% M/M on higher restaurant, grocery and energy prices.
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.