For the August consumer price index to be released by the US Labor Department on the 11th, the median market forecast is a 0.4% month-on-month rise, accelerating from the previous month's 0.1% increase. The core index, which excludes volatile food and energy, is expected to rise 0.2% month-on-month, roughly flat from the previous month. Bank of America forecasts a 0.37% rise in the headline figure and a 0.22% rise in the core, expressing the view that surging gasoline prices will push up energy prices. Wells Fargo forecasts a 0.4% rise in the headline figure and a 0.2% rise in the core, pointing to higher gasoline prices from renewed tensions in the Middle East and a rebound in food prices. The forecasts were compiled by Reuters as of the 10th from 70 companies, with the headline figure expected to rise 3.4% year-on-year and the core up 2.4%.
Bank of America CorpBofA is cited only for its CPI forecast (0.37% headline, 0.22% core); no company-specific development.
Wells Fargo & CompanyWells Fargo is cited only for its CPI forecast (0.4% headline, 0.2% core); no company-specific development.
