19 Aug 2015
US: July CPI Preview - Nomura
FXStreet (Mumbai) - Research Analysts at Nomura provides a brief insight into the upcoming US CPI data which is expected to show an uptick in consumer prices for the month of July.
Key Quotes:
“We expect headline CPI to increase by 0.16% m-o-m in July. Food prices and core components probably led the increase while we expect energy prices, the most volatile component, to be essentially flat in the month.”
“Our forecast would push up the year-over-year change rate slightly to 0.2% from 0.1% previously.”
“Our forecast for core CPI is an increase of 0.17% m-o-m in July after the 0.18% advance in the prior month.”
“If our forecast proves correct, the year-over-year inflation of core CPI would be 1.8%, unchanged from the previous month.”
“That being said, a favourable base-effect raises some upside risks of the year-over-year change rate inching up to 1.9%.”
“Although we think that core goods prices continued to decline, we believe that prices for medical care services and lodging away from home (hotels and motels) rebounded.”
“The price index for lodging away from home unexpectedly declined in May and June, priming July for a potential positive payback.”
Key Quotes:
“We expect headline CPI to increase by 0.16% m-o-m in July. Food prices and core components probably led the increase while we expect energy prices, the most volatile component, to be essentially flat in the month.”
“Our forecast would push up the year-over-year change rate slightly to 0.2% from 0.1% previously.”
“Our forecast for core CPI is an increase of 0.17% m-o-m in July after the 0.18% advance in the prior month.”
“If our forecast proves correct, the year-over-year inflation of core CPI would be 1.8%, unchanged from the previous month.”
“That being said, a favourable base-effect raises some upside risks of the year-over-year change rate inching up to 1.9%.”
“Although we think that core goods prices continued to decline, we believe that prices for medical care services and lodging away from home (hotels and motels) rebounded.”
“The price index for lodging away from home unexpectedly declined in May and June, priming July for a potential positive payback.”