US: Inflation seen higher at 7.3% YoY in January – NAB

Analysts at National Australia Bank (NAB) shed a light on their expectations of the US inflation data due for release later this Thursday.

Key quotes

“The consensus looking for 0.5%/7.3%, another solid monthly and higher annual read after 0.5%/7.0% for December.”

“Core CPI is also expected to have grown 0.5% m/m, annual growth pushing up to 5.9% from 5.5%.”

“Base effects will remain unhelpful until April.”

Read: US Consumer Price Index January Preview: Is this inflation different?