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UBS Raises US July Core CPI Expectations, Warns of Continued Inflation Pressure
Summary: According to Jin10, UBS expects the US seasonally adjusted core CPI for July to record a monthly rate of 0.35% (higher than the expected 0.32%), with the non-seasonally adjusted core CPI year-on-year rate at 3.11% (higher than the expected 3%). UBS believes that inflation pressure will continue to rise, forecasting core CPI to be 0.6% ...
According to Jin10, UBS expects the US seasonally adjusted core CPI for July to record a monthly rate of 0.35% (higher than the expected 0.32%), with the non-seasonally adjusted core CPI year-on-year rate at 3.11% (higher than the expected 3%). UBS believes that inflation pressure will continue to rise, forecasting core CPI to be 0.6% in August, 0.76% in September, and 0.73% in October. At the same time, core service inflation in July is expected to rise by 0.35% month-on-month.
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Link: UBS Raises US July Core CPI Expectations, Warns of Continued Inflation Pressure [Copy]
