by Calculated Risk on 2/11/2025 02:13:00 PM
The Consumer Price Index for January is scheduled to be released tomorrow. The consensus is for a 0.3% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 2.9% year-over-year and core CPI to be up 3.2% YoY.
From Goldman Sachs economists:
We expect a 0.34% increase in January core CPI (vs. 0.3% consensus), corresponding to a year-over-year rate of 3.19% (vs. 3.1% consensus). We expect a 0.36% increase in January headline CPI (vs. 0.3% consensus), reflecting 0.4% higher food prices and 0.6% higher energy prices.
From BofA:
We anticipate January headline and core CPI to each increase by 0.3% m/m. The y/y rates should decline a tenth to 2.8% and 3.1%, respectively. Residual seasonality and base effects are likely to have played a role, adding noise to the report. Additionally, CPI seasonal factors will be revised with the January release.
