Get Ready For US CPI Inflation This Week

Last week, The US created 372,000 jobs in June, well above the consensus expectation of 265,000 with private payrolls up 381,000 versus expectations of a 233,000 outcome 

The US unemployment rate remaining at 3.6% with wages rising 0.3% month-on-month, 5.1% year-on-year, both of which were as expected.

With US job creation remaining strong, the unemployment rate at just 3.6%, and wage growth continuing to exceed 5% year-on-year, the case for a 75bp hike on 27 July looks strong

In the upcoming week, the U.S. consumer price index will release Wednesday.

The U.S. CPI number is expected to show an 8.8% year over year increase and a 1.1% month over month increase. US Core CPI is expected to be 5.8% year over year, slightly down from May’s number.

Moreover, U.S. retail sales data comes out on Friday. The data is expected to increase 0.8% month over month.

German inflation figures are due on Wednesday, the CPI number is expected come out 7.9% year-on-year basis

11 Jul 22 (Mon)

06:13 am