Encouraging signs are emerging for US inflation ...Middle East

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Encouraging signs are emerging for US inflation
source : forex live ( Middle East ) () 14
This week is dismal on the economic data front but next week begins to get interesting because of the November 14 release of the latest US CPI report.It's still early for estimates but the consensus so far is +0.1% m/m on the headline. That's coming on the heels of +0.6% and +0.4% m/m readings but with oil prices reversing, so should CPI. In addition, the latest fall in oil prices should weigh heavily on November CPI and it's now not out of the question that we get 0.1% readings for both months.On the y/y side, the September reading was +3.7% but a +0.4% m/m reading rolls off so we should get some downward pressure and potentially below 3.5%. The comps get tough again in Nov/Dec before offer

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