US CPI Preview: November 2023

Headline CPI growth expected to record a modest fall in November, whilst the core CPI is expected to see modest growth.

Headline CPI growth expected to fall slightly, with MoM growth again expected to be negative

I expect the headline CPI to record a small moderation in its annual growth rate in November, falling to 3.1%, from 3.2% in October. On a two decimal place basis, my forecast is for growth of 3.14%, indicating the potential for growth to also come in at a rounded…