Tonight's CPI Preview: Data Distorted and Overestimated, Limited Reference Value
BlockBeats News, December 18, the U.S. Bureau of Labor Statistics (BLS) will release the November CPI data on December 18. Due to the previous U.S. government shutdown, the BLS was unable to collect price data as usual between October 1 and November 12, resulting in missing overall CPI data for October as well as month-on-month data for November, and almost all sub-item month-on-month data will also be absent. Therefore, the market generally believes that the reference value of the November CPI data is limited, and the market focus will quickly shift to the December inflation data.
Currently, the market expects the November CPI year-on-year to be 3.1%, and the core CPI year-on-year to be 3.0%, continuing the mild rebound trend since mid-year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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