Spectra Markets Analyst: Weak PPI Doesn't Mean Weak CPI, But It Happens From Time To Time
On January 14, Gold Ten reported that Spectra Markets analyst Brent Donnelly said that over the past 10 years, data has shown that when both headline PPI and core PPI have been lower than expected, CPI has been higher than expected in only 21% of cases, in 39% of cases it has been in line with expectations, and in another 39% of cases it has been lower than expected. Based on this historical pattern, the U.S. December CPI data to be released on Wednesday may be lower than Wall Street's expectations of 0.3%. Analysts pointed out that although the U.S. Department of Labor in the same month after the release of PPI after the release of CPI is relatively rare, but before 2018 this is the normal practice.
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