US: Headline CPI likely to print 1.8% YoY in September – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the US headline CPI to tick up a tenth to 1.8% YoY in September (0.1% MoM) despite another monthly decline in energy prices.

Key Quotes

“Conversely, core inflation should stay unchanged at 2.4% y/y, reflecting a firm 0.2% m/m advance — though slightly softer than in Jun-Aug, as core goods inflation likely lost some steam on a monthly basis. That said, a steady 0.2% m/m gain in services should support core prices in September.”

“We anticipate OER to advance at 0.3% m/m, up from two consecutive 0.2% monthly gains, and for the ex-shelter segment to slow modestly on a monthly basis.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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