Agency: US CPI data for July may show that inflationary pressure has abated

Comparative news, according to a report by Jin Shi, institutional analysis indicates that the market generally expects the US CPI to rise 0.1% month-on-month in July after falling 0.4% month-on-month in June. Excluding fuel and food, the core CPI is expected to be 0.2% per month and 2.5% per annum, the smallest year-on-year increase since February. After the weak July non-farm payrolls report came out on Friday, the slowdown in inflation may help ease inflation anxiety within the Federal Reserve. Earlier, at the July 29th meeting, three officials voted for interest rate hikes.

The CPI report may show that energy-related price pressures have cooled down, and this pressure intensified sharply in the months following the US-Iran war at the end of February. Retail gasoline prices fell to their lowest point in nearly four months in early July, then rebounded to over $4 per gallon at the end of the month. The report may also show that as aviation fuel costs stabilize, ticket prices have also declined.