Here comes CPI …
|09/16/2016||Posted by BusinessMediaguide.Com under General World News||
The Bureau of Labor Statistics will release the monthly consumer price index (CPI) at 8:30 a.m. ET.
Economists forecast that CPI increased by 0.1% month-on-month in August, and by 0.2% on a ‘core’ basis that excludes volatile food and energy costs, according to Bloomberg.
Year-on-year, they forecast a 1% increase in the measure of price inflation, and a 2.2% core-CPI increase.
CPI should be up month-on-month from a flat reading in July given softer gasoline and food prices, according to a note previewing the data from TD Securities.
A pickup in shelter costs, which account for nearly two-thirds of the consumer-price basket, read more >>>