UBS raises U.S. July core CPI forecast, warns that inflation pressures will persist

ChainCatcher news, according to Jinshi reports, UBS expects the seasonally adjusted core CPI for the U.S. in July to record 0.35% (higher than the expected 0.32%), and the unadjusted core CPI year-on-year to record 3.11% (higher than the expected 3%). UBS believes that inflationary pressures will continue to rise, expecting the core CPI for August to be 0.6%, for September to be 0.76%, and for October to be 0.73%. At the same time, the core services inflation in July is expected to rise by 0.35% month-on-month.