US CPI Preview: Forecasts from 10 major banks, inflation to fall below 3% for first time in nearly three years
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The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Tuesday, February 13 at 13:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation print for January.
Headline is forecast to have grown at a slower pace of 2.9% year-on-year vs. 3.4% in December, while core – that excludes volatile food and oil prices – is expected at 3.7% YoY vs. the prior release of 3.9%. On a monthly basis, markets anticipate that the headline and core CPI grew steadily at 0.2% and 0.3%, respectively.
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