DISINFLATION: No Change In CPI

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UPDATE:

CPI for July came in unchanged.

Analysts had expected a 0.2% firming in consumer prices, but it came in at 0.0%.

On a “core” basis, prices rose 0.1%, a bit behind expectations of 0.2% growth.

Given that yesterday’s PPI number was a bit hotter than expected (partly due to the drought).

 

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Yesterday PPI data came in hotter than expected.

Today: CPI.

Analysts expect a 0.2% sequential increased.

Excluding food and energy is also expected to grow 0.2%.

We’ll have the number here at 8:30 AM ET.

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