September 13, 2023 08:59 GMT
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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