12 March US CPI Data Expectations


The February US CPI Data is due for release on Tuesday. What should we expect? Read on as an analyst has shared his thought on the 12 March US CPI Data Expectations.

12 March, GKFX – Analysts at Nomura explained that the Core CPI surprised on the upside in January, rising by 0.349% m-o-m, but some of the strength in core CPI inflation in January seemed to be attributable to transitory factors.

12 March US CPI Data Expectations

Hence, we expect core CPI inflation to return to a more trend-like increase of 0.2% (0.203%) m-o-m in February, which translates into the y-o-y change of 1.9% (1.879%), slightly up from 1.8% (1.821%) previously. We view the risk to our core CPI forecast as roughly balanced.

In the near term, core inflation on a 12-month basis will likely move up by a couple of tenths as the negative impact from a sharp decline in wireless telephone service prices will drop up out of the calculation in March

However, beyond that, we continue to expect core inflation to rise only gradually. As for non-core components, energy prices likely fell slightly by 0.2% m-o-m in February, while food prices appeared to rise modestly by 0.1% m-o-m. Altogether, our forecast for CPI NSA is 249.024.

Disclaimer

This article 12 March US CPI Data Expectations was written by analysts at GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

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