According to BlockBeats news, on September 13, Citigroup expects that the U.S. core inflation rate will show stronger growth in August after rising by 0.16% month-on-month for two consecutive months. However, after rounding, the core CPI growth rate of 0.252% on a sequential basis is likely to record another 0.2% increase. Citi also expects housing prices to slow further, with primary residence rents recording growth of 0.44% and owner-equivalent rent growth of 0.46%. Meanwhile, headline CPI should rise strongly, recording a monthly rate of 0.6%, the biggest gain since June 2022. The main reasons were higher retail gas prices and further strength in other energy components such as utility gas. (Golden Ten)
Citi looks ahead to U.S. CPI: The monthly core CPI rate is expected to be stronger than the previous two months
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