Tonight's CPI Preview: Data Distortion Skewing High, Limited Relevance to Reference
BlockBeats News, December 18th: The U.S. Bureau of Labor Statistics (BLS) will release the CPI data for November on December 18th. Due to the previous U.S. government shutdown, BLS was unable to collect price data through its regular process from October 1st to November 12th. As a result, the overall CPI data for October and the month-on-month data for November were missing, with almost all subcategory month-on-month data also absent. Therefore, the market widely 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 year-on-year CPI for November to be 3.1% and the core CPI to be 3.0%, continuing the mild rebound trend seen 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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