US CPI data due later Thursday – here is the range of estimates

<p>The PPI released Wednesday was shockingly high:</p><ul><li><a href="https://www.forexlive.com/news/us-september-ppi-22-vs-16-expected-20231011/" target="_blank" rel="follow" data-article-link="true">US September PPI +2.2% vs +1.6% expected</a></li></ul><p>The response in the stockmarket was a shrug:</p><ul><li><a href="https://www.forexlive.com/technical-analysis/us-stocks-trading-higher-despite-the-higher-ppi-data-20231011/" target="_blank" rel="follow" data-article-link="true">US stocks trading higher despite the higher PPI data</a></li></ul><p>Later today we get the consumer level inflation data:</p><ul><li><a href="https://www.forexlive.com/news/what-are-the-stakes-for-thursdays-us-cpi-report-20231011/" target="_blank" rel="follow" data-article-link="true">What are the stakes for Thursday's US CPI report?</a></li></ul><p>Consensus in the screenshot:</p><p>The ranges of estimates to take note of are:</p><ul><li>Headline CPI m/m minimum 0.2% to maximum 0.6%</li><li>CPI ex Food &amp; Energy y/y 4.0% – 4.2%</li><li>CPI ex Food &amp; Energy m/m 0.2% – 0.4%</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.