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MNI US CPI Preview: Buckle Up

US DATA

EXECUTIVE SUMMARY


  • Consensus has headline CPI slowing to just 0.2% M/M from an unwind in energy prices, whilst core CPI is seen easing from 0.7% to 0.5% M/M but after three sizeable beats.
  • Analysts see various driving forces for the moderation in core CPI but only a limited easing in shelter after once again surprisingly to the upside in June at multi-decade M/M highs.
  • The market reaction to Friday’s payrolls beat shows the potential for large moves, with significant two-sided risk to this release.
  • More, including MNI analysis plus forecasts from nine analysts, here.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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