U.S. July CPI seen at 0.1%, core CPI at 0.2%

U.S. July inflation data is due at 8:30 p.m. Beijing time on Aug. 12, when the Bureau of Labor Statistics (U.S. labor data agency) is scheduled to publish both CPI and core CPI month-on-month readings. The market expectation cited in the report is for seasonally adjusted CPI to rise 0.1% after a previous reading of -0.4%, and for seasonally adjusted core CPI to increase 0.2% after a prior 0.0%. Institutional forecasts compiled by Jin10 and cited by BlockBeats show headline CPI estimates ranging from 0.0% to 0.3%, while core CPI forecasts range from 0.1% to 0.3%. The report said the release may directly influence whether the Federal Reserve (U.S. central bank) pulls the trigger on a September rate hike.