Coming up soon – CPI data for June – here the ranges to watch

US consumer inflation data:

• for June 2024
• due at 1230 GMT, which is 0830 US Eastern time

What to expect? This snapshot is from the ForexLive economic data calendar, access it here.

Taking
a look at the range of expectations compared to the median consensus
(the ‘expected’ in the screenshot above) for the key data points:

June
CPI Headline y/y range of estimates showing:

• 3.0% to 3.3%

June
CPI Headline m/m range of estimates showing:

• 0.0
  to 0.2%

June
CPI excluding food and energy (the core rate of inflation) y/y range of estimates showing:

• 3.3 to 3.5%

June
CPI excluding food and energy (the core rate of inflation) m/m range of estimates showing:

• 0.1
  to 0.3%

***

Why is knowledge of such ranges important? Check out the longer version of this post I popped up back during Asia time, link here.

This article was written by Eamonn Sheridan at www.forexlive.com.