US CPI Banks Preview: Inflation to step meaningfully lower in June CPI Inflation Fed DollarIndex Banks
The US Bureau of Labor Statistics will release the most important inflation measure, the US Consumer figures, on Wednesday, July 12 at 12:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming United States inflation print for the month of June.
Headline CPI decelerated to 4% year-on-year in May – and is expected to continue slowing down to 3.1% YoY in June. Core CPI remained stubbornly high, raising at 5.3% YoY, and expectations stand at 5% YoY for the upcoming release. In MoM terms, headline is expected at 0.3% vs. 0.1% in May and core is expected to have slowed to 0.3% vs. 0.4% in May. We expect both headline and core CPI inflation to rise by 0.3% MoM in June. Such an outcome would still be too hot for the Fed.
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