“Upcoming CPI: August Inflation Forecast Reveals Mild Rise and Stable 12-Month Rate”

According to BlockBeats, on September 11, Nick Timiraos, a Wall Street Journal reporter known as the “Federal Reserve’s mouthpiece,” said that economists who provide detailed inflation forecasts expect CPI in August to be relatively mild, just like in July. The median forecast shows that the core CPI will rise by 0.21% month-on-month, which will keep the 12-month inflation rate at 3.2%. The overall CPI is expected to slow to 2.5%.

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