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- US: Inflation seen higher at 7.3% YoY in January – NAB
US: Inflation seen higher at 7.3% YoY in January – NAB
Analysts at National Australia Bank (NAB) shed a light on their expectations of the US inflation data due for release later this Thursday.
Key quotes
“The consensus looking for 0.5%/7.3%, another solid monthly and higher annual read after 0.5%/7.0% for December.”
“Core CPI is also expected to have grown 0.5% m/m, annual growth pushing up to 5.9% from 5.5%.”
“Base effects will remain unhelpful until April.”
Read: US Consumer Price Index January Preview: Is this inflation different?
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