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).
Yesterday PPI data came in hotter than expected.
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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