- Goldman Sachs expects August headline CPI to rise 3.58% annually, up from July’s 3.2% gain.
- Strategists wrote Monday they expect to key trends to emerge, including a 3.1% decline in used car prices.
- They also expect higher airfares and transportation prices, and shelter inflation to remain at its current pace.
Goldman Sachs expects Wednesday’s release of the August consumer price index to show several key trends that reflect how Americans are spending and how inflation continues to shift.
As far as headline CPI, the strategists wrote in a Monday note that they anticipate a 3.58% annual increase, up from July’s 3.2% gain, which ended a year of slowing growth. The Wall Street consensus estimate is for 3.6%.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased