UBS upgrades U.S. core CPI forecast for July, warns of continued inflationary pressures
2025-08-12 07:08:11
UBS expects the US core CPI to register a quarterly adjusted monthly rate of 0.35% in July (higher than the expectation of 0.32%) and a non-quarterly core CPI annualized rate of 3.11% (higher than the expectation of 3%). UBS believes that inflationary pressures will continue to rise. It expects core CPI to be 0.6% in August, 0.76% in September and 0.73% in October. Meanwhile, core services inflation will rise by 0.35% month-on-month in July.
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