Bank of America Global Research discusses its preview for the US October inflation print on Thursday.
"Headline CPI (Consumer Price Index) likely increased by 0.5% m/m (0.48% unrounded) in October, owing in part to the first increase in energy prices in four months. On a y/y basis, headline inflation should fall from 8.2% in October to 7.8%, and we expect the not seasonally adjusted (NSA) headline CPI index to come in at 298.201," BofA notes.
"Core CPI, meanwhile, should moderate from 0.6% m/m to 0.4% m/m (0.38% unrounded). This would result in y/y inflation falling from 6.6% to a still elevated 6.4%," BofA adds.