Goldman Sachs: What we expect from the November US CPI report ...Middle East

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Goldman Sachs: What we expect from the November US CPI report
Goldman Sachs forecasts moderate gains in both headline and core US CPI for November, driven by rising used car prices, airfares, and energy costs. The firm expects the core CPI to rise by 0.28% MoM (vs. 0.3% consensus), translating to a 3.27% YoY increase. Headline CPI is projected to increase 0.28% MoM and 2.7% YoY.Key Points:Core CPI Forecast:Monthly Increase: Expected at +0.28% (vs. +0.3% consensus).Year-on-Year: Predicted at 3.27%.Category Breakdown:Used Cars: +2.0%, reflecting strong auction trends.Airfares: +1.0%, supported by seasonal pricing patterns.Apparel: +0.5%, driven by holiday retail pricing.Car Insurance: +0.5%, reflecting rebounding rates.Communications: -0.5%, likely due t

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