US CPI Data LIVE Updates: Market participants are closely watching the US inflation numbers due on Thursday (September 11), ahead of next week’s Federal Open Market Committee (FOMC) meeting.
The August CPI reading will be a key indicator shaping expectations around the Federal Reserve’s monetary policy. According to a Reuters poll, the headline CPI is expected to have risen by 0.3% month-on-month in August, up from a 0.2% increase in July. On a year-on-year basis, CPI is projected to have accelerated to 2.9%, up from 2.7% in the previous month.
In July, the annual CPI remained steady at 2.7%. On a monthly basis, it edged lower from 0.3% to 0.2%. Meanwhile, core inflation—which excludes volatile food and energy prices—continued its upward trend, rising 3.1% over the past 12 months, compared with a 3.0% increase in June. The monthly core inflation also accelerated to 0.3% in July from 0.2% in June.
Watch this space for all the Live updates.