US: Headline CPI to increase 0.3% m/m and 2.8% y/y - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team is out with a sneak peek at what to expect from today’s US August CPI report slated for release at 1230 GMT.

Key Quotes:

“For the August CPI report, we forecast headline CPI to increase 0.3% m/m and 2.8% on a y/y basis.

For core CPI, we forecast an increase of 0.2% m/m and 2.3% y/y.

Core inflation has gradually picked up this year as the drag from core goods has diminished and core services inflation has ticked higher. We expect the US economy to continue to grow at an above-trend pace and spare capacity in the economy to be utilized over time. This should lead to a modest overshoot of inflation above the Fed's 2% target.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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