Tonight's CPI Preview: Data is highly distorted, limiting its reference value.
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According to ME News, the U.S. Bureau of Labor Statistics (BLS) will release the November CPI data on December 18th (UTC+8). Due to the U.S. government shutdown, the BLS was unable to complete price data collection as usual between October 1st and November 12th, resulting in the absence of overall October CPI data and November month-on-month data, as well as month-on-month data for almost all sub-items. Therefore, the market generally believes that the November CPI data has limited reference value, and market focus will quickly shift to the December inflation data. Currently, the market expects the November CPI to rise 3.1% year-on-year, and the core CPI to rise 3.0% year-on-year, continuing the moderate rebound trend since the middle of the year. (Source: ME)
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