🔥August Inflation Forecast:
Economists expect August inflation to be low, similar to July.
Core Consumer Price Index (CPI):
Expected to rise slightly by 0.21%.
This figure shows that prices for basic goods and services (excluding food and energy) have increased very little.
If the forecast is correct, the core inflation rate over the past 12 months will remain at 3.2%.
Headline CPI:
Expected to fall to 2.5%.
This is an index that includes all items, including food and energy.
The decline suggests that the inflation trend is softening.
In summary, experts expect August inflation to be low, with core prices rising very little and overall prices tending to fall. This is a positive sign for the economy, indicating that inflationary pressures are being better controlled.
