U.S. headline CPI to slow to 1.6% in June - TDS

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11 July 2019

U.S. headline CPI to slow to 1.6% in June - TDS

Analysts at TD Securities are expecting the U.S. headline CPI to slow a further two tenths to 1.6% y/y in June (flat m/m), on the back of a notable decline in energy prices.

“Core inflation should remain steady at 2.0% y/y, reflecting a firm 0.2% m/m advance. We pencil in a 0.2% m/m increase in core services and a flat reading in core goods, which should help buoy core CPI overall.”

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