Markets expect US CPI, after June's -0.4% MoM, to rise 0.1% MoM in July. Core CPI ex-food and energy is forecast +0.2% MoM and +2.5% YoY, the smallest YoY gain since February. Following Friday's weak July nonfarm payrolls, slower inflation could help ease Fed inflation concerns; three officials voted to raise rates at the July 29 meeting. The report may show energy-price pressure has cooled after surging in the months following late‑February US‑Iran hostilities; retail gasoline fell to a near fo

Markets expect US CPI, after June's -0.4% MoM, to rise 0.1% MoM in July. Core CPI ex-food and energy is forecast +0.2% MoM and +2.5% YoY, the smallest YoY gain since February. Following Friday's weak July nonfarm payrolls, slower inflation could help ease Fed inflation concerns; three officials voted to raise rates at the July 29 meeting. The report may show energy-price pressure has cooled after surging in the months following late‑February US‑Iran hostilities; retail gasoline fell to a near four‑month low in early July before rising above $4/gal by month‑end. It may also show airfares declined as jet‑fuel costs stabilized.