Key event for the week: US CPI - Nomura

Analysts at Nomura noted the key US CPI this week offered a preview:

Key Quotes:

"CPI (Thursday): We forecast 0.2% (0.244%) m-o-m increase in core CPI inflation for September following a 0.082% advance in August. On a 12-month change basis, our forecast would be equivalent to 2.304% advance in September, up slightly from a 2.190% pace in August. The relative softness in core CPI inflation in August was mostly concentrated certain volatile core goods prices."

"Thus, we think the core CPI inflation will likely return to its underlying pace that seems consistent with core inflation running slightly above 2% y-o-y. We expect a rebound in core goods prices following a 0.3% mo-m decline in August."