Global Macro Service > Data Insights > United States
Core inflation for the second consecutive month advanced a faster than expected 0.3% in July versus consensus and our expectation of a 0.2% rise. The back-to-back monthly increase of 0.3% in core CPI is highly unusual – the last time it happened was January-February 2001. With economic growth slowing, we doubt we are seeing a start to a firmer trend in inflation.
To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below