US: Nov CPI likely to print around 0.3% - Westpac

Analysts at Westpac note that August and September saw strong gains in the US CPI owing to the effect of hurricane season. Gains of 0.4% and 0.5% in these two months were subsequently followed by a 0.1% rise in October.

Key Quotes

“The November outcome is likely to be somewhere in the middle, around 0.3%, as energy again supports headline inflation. Throughout the period, core inflation has remained stable, averaging a little below 0.2% per month. This will remain the case in November.”