Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

NWM: Maintaining View Of A ‘High’ 0.3% M/M For Core CPI Post Revisions

  • After the release of the annual seasonal factor revisions/updated weights, NatWest see a headline CPI gain of 0.404% versus a previous estimate of 0.440%.
  • However, their core CPI estimate remains at a "high" 0.3% (unrounded 0.349%) vs consensus 0.4%.
  • These revisions to their forecast have not changed Y/Y estimates: if correct it will still pull down the headline CPI from 6.5% in Dec to 6.3%, with core moderating from 5.7% Y/Y to 5.5%
  • They think general inflation trends will support a couple more Fed rate hikes (March and May).

To read the full story

Why Subscribe to


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.