US Consumer Prices Data Set to Show ‘Wave of Disinflation’
- Index likely rose 0.2% for a second month: Bloomberg Economics
- Report to reveal ‘wave of disinflation hitting the US economy’
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A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.
The consumer price index, excluding food and energy, probably rose 0.2% last month following a similar increase in June, Bloomberg economists Anna Wong, Stuart Paul and Jonathan Church wrote Wednesday in a preview of the report.