CPI and PPI records lead to a tame native mineral PCE following month

.Chip Timiraos from the WSJ has tweeted that business analysts who map the CPI and also PPI to the core PCE, are actually forecasting an increase of 0.13% to 0.17% for the August PCE. A reading of 0.13% would certainly round to 0.1%, while 0.17% would certainly round up to 0.2%. In either scenario (0.1% or even 0.2%), it extends a streak of mild/target consistent analyses.

As an aspect of contrast, the core CPI launched previously today was available in at 0.3% (0.281% unrounded).