Economics Uncovered

Economics Uncovered

US CPI Preview: October 2023

Annual headline CPI growth expected to fall materially, but the core CPI could deliver an upside surprise

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Steven Anastasiou
Nov 13, 2023
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Headline CPI growth expected to fall to 3.3% YoY

With a relatively large prior comparable being cycled out of the YoY equation, and with a significant decline in regular gasoline prices (-5.6% MoM) putting downward pressure on monthly CPI growth, I expect the headline CPI’s annual growth rate to moderate to 3.3% in October, down from 3.7% in September. M…

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