Free Trial

MNI CPI Preview: Non-Core Components To Run Wild

US

Consensus has headline CPI surging +0.8% M/M in Feb on energy and less so food prices, of which the largest effects aren’t likely to show until March. That would see year-on-year inflation rise from 7.5% to 7.8% Y/Y.

  • Whilst normally looked through, non-core gains will add pressures to areas that consumers feel the most and carry the risk of a further drifting in survey-based inflation expectations.
  • Core inflation is seen at +0.5% M/M from the +0.58% M/M in Jan on a possible dip in used car prices, but with reasonable strength in other categories. That sees year-ago inflation rise from 6.0% to 6.4% Y/Y, potentially the peak for the cycle.
  • The full report including MNI analysis and previews of 12 sell-side analysts has been e-mailed to subscribers and can be found here.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.