By: Simona M Mocuta, Chief Economist Amy Le, CFA, Investment Strategist, Venkata Vamsea Krishna Bhimavarapu, Economist
July inflation data was slightly better than expected. Both overall and core (ex-food-and-energy) prices increased 0.2% MoM. The headline CPI print marked the first sub-3.0% reading since March 2021.
Further Modest Progress Toward Inflation Target
Spotlight on Next Week
- Canadian inflation to ease.
- Weak eurozone manufacturing to persist.
- Japan’s national CPI to rise 2.6%.
Originally Posted August 19th, 2024, SSGA
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