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Jan 09 - 02:55 PM

Goldman Sachs: Here is What we Expect from this Week's US CPI Print?

By eFXdata  —  Jan 09 - 12:45 PM


Goldman Sachs provides forecasts for the December Consumer Price Index (CPI) in the US, detailing expected changes in core and headline CPI and the factors influencing these predictions.

Key Insights:

  1. Core CPI Increase Forecast:

    • Goldman Sachs estimates a 0.27% increase in core CPI for December. This would lead to a slight decrease in the annual rate, bringing it down to 3.9%.
  2. Headline CPI Rise:

    • The headline CPI is projected to rise by 0.29%, influenced primarily by increases in energy (+0.4%) and food prices (+0.4%).
  3. Specific Price Movement Predictions:

    • A significant 5% increase in airfares is anticipated.
    • Auto prices are expected to decline (new cars -0.2%, used cars -1.1%).
    • Apparel prices may continue to soften (-0.3%), attributed to larger holiday discounts.
    • Car insurance rates are forecasted to increase moderately (+0.6%).
  4. Rent and Owner's Equivalent Rent (OER) Projections:

    • Estimates suggest a +0.45% increase for both rent and OER.


Goldman Sachs’ analysis provides a detailed look at the expected CPI figures for December, underscoring the nuanced interplay of various market factors. The forecast highlights specific sectors such as transportation and housing, indicating a mixed picture of price changes across different categories. These insights are crucial for understanding the broader inflationary landscape and its potential impact on economic policy and market reactions.

Goldman Sachs Research/Market Commentary


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