Core CPI m/m consensus stands at 0.3%, with headline CPI y/y projected to rise to 3.7% amid energy cost pressures.
The week ahead features key U.S. inflation data, with core CPI m/m expected at 0.3%, up from 0.2% prior. Headline CPI y/y is projected to climb to 3.7% from 3.3%, driven by rising energy costs linked to Middle East tensions. Analysts warn the figure could reach 3.8%, with food prices also rising due to higher transportation and agricultural input costs.
U.S. existing home sales and PPI m/m data will also be released, alongside the U.K.’s GDP m/m and U.S. retail sales figures. The Senate is set to vote on Kevin Warsh’s nomination as Fed Chair, with his confirmation expected by Friday. Several FOMC members will deliver remarks throughout the week.
Markets will closely watch inflation prints for signs of persistent price pressures, particularly in core CPI, which excludes food and energy. Estimates suggest a monthly rise of around 0.5%, keeping annual core inflation elevated.