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MNI CPI Preview: Airfares And Seasonal Factors Seen Leading Modest Core Bounce

US

Released on Wednesday at 0830ET, consensus puts core CPI inflation at 0.2% M/M in August in what’s likely only a minor uptick from unrounded 0.16% M/M readings in both June and July.

  • The main increase is seen coming from airfares after two particularly heavy declines, muddying implications for core PCE seeing as it leans on PPI airfares (to be released Thursday).
  • The Fed’s closely watched core services ex housing measures should firm further, which despite the above could still catch headlines.
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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